Asian shares trading low after Wall Street losses on AI-related worries
Asia shares were trading mostly lower Friday, tracking sharp Wall Street losses on a sell-off of technology-related stocks that investors fear could lose out from artificial intelligence disruptions. U.S. futures were mostly unchanged.
Tokyo's Nikkei 225 fell 0.8 per cent to 57,165.13 on Friday, after it passed the 58,000 mark for the first time early Thursday. SoftBank Group, which has a focus on AI, fell 6.8 per cent even as the company reported a quarterly profit Thursday building on its investments in OpenAI, among other gains.
South Korea's Kospi rose 0.4 per cent to 5,545.49, after crossing 5,500 on Thursday, driven by gains in technology-related stocks. Samsung Electronics, the Kospi's largest listed company, was up 1.2 per cent.
Hong Kong's Hang Seng fell 1.8 per cent to 26,547.97. The Shanghai Composite index was down 0.7 per cent to 4,105.04.
In Australia, the S&P/ASX 200 traded 1.4 per cent lower at 8,919.30.
On Thursday, Wall Street saw sharp losses as AI worries ...