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via finance.yahoo.comMarkets

Asian stocks edge lower despite stronger China growth as AI jitters persist

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Asian stocks edged lower on Monday, although stronger-than-expected Chinese growth helped mainland markets pare losses. Concerns over AI financing and profitability continued to weigh on technology shares ahead of a busy week of corporate earnings. Still…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAI financing and profitability concerns weigh on tech shares, while stronger Chinese data offers limited support.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Asian stocks edged lower on Monday.
  2. 02China's economy grew 4.5% year-on-year in the third quarter.
  3. 03The Shanghai Composite rose 0.2% and the CSI 300 gained 0.1%.
  4. 04The MSCI Asia-Pacific index slipped around 0.3%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Lam Research CorporationLRCXStock263.94 USDMarket closedtoday -4.87%Negative Meta Platforms, Inc.METAStock709.33 USDMarket closedtoday -3.72%Negative Texas Instruments IncorporatedTXNStock276.48 USDMarket closedtoday -0.95%Negative SSE Composite IndexINDEX:SSECIndex3,731.88+0.19%today +0.42%Positive NASDAQ 100INDEX:NDXIndex29,187.55Market closedtoday -2.50%Negative S&P 500INDEX:SP500Index7,659.44Market closedtoday -1.09%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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