Asian shares trade mixed as concerns about AI-related issues grow

The US has also been pressuring Japan to raise rates because of concerns about the weakening yen. In currency trading, the US dollar fell to 157.50 Japanese yen from 157.65 yen. The euro cost $1.1197, up from $1.1181. Australia's S&P/ASX 200 rose 0.5 per cent to 8,937.60. South Korea's Kospi declined 5.4 per cent to 5,618.76, as shares in SK Hynix and Samsung Electronics both slipped in morning trading.

Shares related to the great market interest in AI have tended to be volatile, because some issues, including chip makers, get pushed up because of that interest, but then may decline because of worries about supplies, for instance. Hong Kong's Hang Seng added 1.2 per cent to 23,225.69, while the Shanghai Composite lost 0.9 per cent to 3,618.14. On Wall Street, the S&P 500 fell 0.3 per cent for its first loss in four days, even though the wide majority of stocks rose within the index and across Wall Street.

The Nasdaq composite tumbled 1.4 per cent, while the Dow Jones Industrial Average dropped 132 points, or 0.3 per cent. Alphabet is one of the most influential stocks on Wall Street because it's one of the largest, and the Class A shares of its stock fell 12.6 per cent for their worst day since they began trading more than 20 years ago. All told, the S&P 500 fell 23.59 points to 7,720.39 Thursday. The Dow Jones Industrial Average dropped 132.54 to 52,342.56, and the Nasdaq composite tumbled 365.13 to 26,184.72.

In the bond market, the yield on the 10-year Treasury fell to 4.94 per cent from 5.05 per cent late Wednesday. It's been generally pulling back since it topped 5.30 per cent earlier this month and touched its highest level since 2002. In energy trading, benchmark US crude gained 2.80 per cent to $104.86 a barrel. Brent crude, the international standard, edged up 2.54 per cent to $117.80 a barrel. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Don't miss the most important news and views of the day. Get them on our Telegram channel First Published: Oct 30 2026 | 9:44 AM IST