Nikkei, Yen, Hang Seng: Asian stock markets divided - AI concerns weigh on Japan, China in the plus
Investors are doubting whether artificial intelligence revenues justify the investments. Furthermore, interest rate signals and the upcoming balance sheets of US tech giants are coming into focus.
Asian stock markets fell at the start of the week due to concerns over the high costs of Artificial Intelligence (KI), but losses were limited by strong economic data from China. The Nikkei Index in Tokyo dropped 1.2% to 64,534 points, while the Topix fell 0.4% to 4,050 points. In contrast, Shanghai's stock market rose 0.3% to 3,728 points, and the CSI-300 Index gained 0.4% to 4,186 points.
China's GDP grew 4.5% in the third quarter, beating expectations and easing pressure on the government to implement more stimulus packages.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
