CONNECT WITH US
AI & Deeptech

AI & Deeptech

Global trading is mixed as worries about AI-related issues grow

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
Global trading is mixed as worries about AI-related issues grow

Business News Tech AI Global trading is mixed as worries about AI-related issues grow

On the global stage, stock markets displayed a mixed bag of results as Alphabet's stock drop spurred worries about the trajectory of artificial intelligence. Japan witnessed a notable dip in the Nikkei 225 index while the Bank of Japan opted to keep interest rates unchanged. In the US, the Dow futures crept up slightly, contrasting with a decline in S&P 500 futures.

Global shares were trading mixed Friday, as worries about the future of artificial intelligence grew after Alphabet's stock drop dragged on US markets. France's CAC 40 gained 0.2 per cent in early trading to 7,988.84, while the German DAX edged down 0.1 per cent to 26,008.99. Britain's FTSE 100 added nearly 0.4 per cent to 10,759.33. US shares were set to trade mixed, with Dow futures up 0.2 per cent at 52,613.00, while S&P 500 futures were down 0.8 per cent at 7,689.00. In Asia, Japan's benchmark Nikkei 225 dropped 2.1 per cent to finish at 63,290.11. At the end of its two-day monetary policy board meeting, the Bank of Japan decided to keep its benchmark interest rate unchanged at 1.25 per cent. That was widely expected because the central bank raised the rate last month.

The US has been pressuring Japan to raise rates because of concerns about the weakening yen. 65 yen. 1181. 10. 74, as shares in SK Hynix and Samsung Electronics both slipped. AI-related stocks have been volatile. Shares of chipmakers and other companies have risen on enthusiasm for the technology, then fallen on concerns about issues such as supply constraints.


Source link
Related Topics:AI & Deeptech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.