Asian shares trade mixed as markets continue to watch AI stocks and oil prices

Asian shares traded mixed on Tuesday as markets continued to watch AI stocks and oil prices, with the Nikkei 225 in Japan gaining 0.8% and the S&P/ASX 200 in Australia slipping 0.9%. Softbank Group, a major investor in OpenAI, jumped over 8% following comments from OpenAI CEO Sam Altman suggesting a potential delay in a stock sale on Wall Street.

However, concerns over a potential slowdown in AI development due to safety issues weighed on markets, with analysts warning that the prospect of a coordinated slowdown remains uncertain.

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