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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 ...
US futures and Asian shares traded mostly lower on Friday, tracking Wall Street's losses as technology stocks again dragged on markets. Bitcoin sank to roughly half its record price, giving back all it gained since US President Donald Trump won the White House for his second term. Tokyo's Nikkei 225 was up 0.5 per cent to 54,073.52, recovering from losses earlier this week, with technology-related stocks leading gains. SoftBank Group rose 1.9 per cent, and chipmaker Tokyo Electron rose 3 per cent. Japan will also be holding its general election on Sunday, in which Prime Minister Sanae Takaichi expects to win a stronger public mandate for her policies. South Korea's Kospi lost 1.7 per cent to 5,076.69, weighed down by tech shares. Samsung Electronics, the country's biggest listed company, fell 0.9 per cent. Chipmaker SK Hynix was down 0.6 per cent. Hong Kong's Hang Seng fell 1.2 per cent to 26,569.14. The Shanghai Composite index was flat at 4,075.37. In Australia, the S&P/ASX 200
Shares fell Monday in Asia as China reported investment fell in November in the latest signal that demand in the world's second largest economy remains weak. The retreat followed a dismal end to last week, when declines for superstar artificial-intelligence stocks knocked Wall Street off its record heights Tokyo's Nikkei 225 index shed 1.5% to 50,092.10, as investors wait to see if the Bank of Japan will raise its benchmark interest rate as expected this week. The BOJ's quarterly tankan survey of big manufacturers, released Monday, showed a slight improvement in sentiment among such businesses. The measure of those expressing optimism rose to 15 from 14 in the last quarter, the highest level in four years, the central bank said. The index shows the percentage of companies reporting positive conditions minus the percentage reporting unfavourable ones. While the overall survey showed improvement, forecasts for the next quarter were less positive. Japan's economy contracted at a 2.3%