Nikkei, Topix, Kospi: Asian Stocks Yield – Investors Cautiously Ahead of Quarterly Results
5 Articles
5 Articles
Business figures from the AI sector cause uncertainty among investors in Asia. Topix and Kospi record lower prices, while Nikkei increases slightly.
Asian stock markets are showing mixed performance amid concerns about high valuations in the artificial intelligence sector.
Questions about the profitability of AI investments reduced risk appetite in Asian stock markets. Alphabet's net profit fell by approximately 25 percent to $26.2 billion in the third quarter of the year, while in South Korea, the Kospi index closed down 1.2 percent at 5,937 points.
Asian stocks were mixed on Thursday as investors assessed the corporate results of US technology giants and the prospects for investment.
KOSPI down, Nikkei gains. Eyes on Amazon and Intel announcements.
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