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via finance.yahoo.comMarkets

Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump

FROM THE WIRE · FINANCE.YAHOO.COM

Asian shares were mostly lower Friday after the latest shudder for artificial-intelligence stocks weighed on markets around the world, giving the benchmark S&P 500 its worst day since July. Oil prices were hovering at their highest levels since May on worries about the war with…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe AI stock selloff and oil rally tied to the Iran conflict weigh on markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Brent rose 0.5% to $113.73 per barrel.
  2. 02The Nikkei 225 lost 1.7% and the Kospi fell 2.4%.
  3. 03The Nasdaq composite tumbled 2.6% on Thursday.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SSE Composite IndexINDEX:SSECIndex3,645.75+0.88%today -0.34%Negative S&P/ASX 200INDEX:ASX200Index8,777.50Market closedtoday -0.18%Negative S&P 500INDEX:SP500Index7,663.43Market closedtoday -1.21%Negative NASDAQ CompositeINDEX:IXICIndex26,008.86Market closedtoday -2.60%Negative Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity114.28 USD+0.28%today +0.98%Positive Crude Oil WTICOMMODITY:WTICommodity100.66 USD+0.31%today +1.20%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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