Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian stock markets displayed a cautious trend on Tuesday, following a rebound in artificial-intelligence related stocks on Wall Street. Despite the rise in AI-related stocks, other sectors remained fragile, and oil prices continued to be elevated. The benchmark Nikkei 225 in Japan fell 0.6% to 64,512.35, while Australia’s S&P/ASX 200 dropped 0.8% to 8,772.10.
South Korea’s Kospi declined 2.8% to 5,605.31, and Hong Kong’s Hang Seng slipped nearly 1.0% to 23,947.37. The Shanghai Composite remained flat at 3,732.29. Analysts noted that investors are holding out for upcoming earnings reports from major companies. On Wall Street, the S&P 500 rose 0.4%, while the Nasdaq composite rallied 1.1%.
However, most U.S. stocks outside of AI and tech saw a decline, with the Dow Jones Industrial Average ending the day down 0.1%.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
