Asian Trading Is Mixed as Worries About AI-Related Issues Grow
South Korea’s Kospi fell 5.4% and Japan’s Nikkei dropped 2.6% as AI-linked stocks and chip makers swung sharply.
- Asian shares traded mixed early Friday as worries about artificial intelligence grew after Alphabet's significant stock drop dragged on Wall Street markets.
- Alphabet's Class shares fell 12.6% for their worst trading day in more than 20 years, significantly impacting Wall Street and global markets.
- Japan's Nikkei dropped 2.6% to 62,960.60, while South Korea's Kospi declined as shares in Samsung Electronics and Hynix slipped in morning trading.
- The Bank of Japan is concluding a two-day monetary policy meeting, with most analysts expecting no action after raising its benchmark rate to 1.25% last month.
- Treasury yields fell to 4.94% from 5.05% late Wednesday amid continued pressure on Japan to raise rates because of concerns about the weakening yen.
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19 Articles
The Asian Stock Exchanges are closing down, weighed down by a strong current of sale on technological titles. On the markets, after a series of financial results, there are again fears about the holding of investments for artificial intelligence. (ANSA)
Asian trading is mixed as worries about AI-related issues grow – WTOP News
TOKYO (AP) — Asians shares were trading mixed early Friday, as worries about the future of artificial intelligence grew after Alphabet’s stock drop dragged on U.S. markets. Japan’s benchmark Nikkei 225 dropped 2.6% to 62,960.60. The Bank of Japan is closing a two-day monetary policy board meeting, but most analysts expect no action this time...
Asian markets are under strong pressure as concerns about the return on huge investments in artificial intelligence intensify, following the results and business plans of...
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