Nikkei, Topix, Kospi: Asian stocks decline – investors cautious ahead of quarterly results
Business figures from the AI sector are causing uncertainty among investors in Asia. Topix and Kospi are trading lower, while the Nikkei is slightly higher.
Asian stock markets gave up their initial gains on Thursday. The Google parent company Alphabet's shares plummeted 10% in after-hours trading, wiping out nearly $400 billion in market value, due to high expenses. In China, the Shanghai stock exchange lost 0.9% to 3,647.12 points, while the Hang Seng index in Hong Kong rose 0.2%. Samsung Electronics reported a record profit, but its shares fell 4.13% as its net profit missed analyst expectations.
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.
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- Nikkei, Kospi, Topix: Asian stock markets benefit from AI optimism handelsblatt.com