From The Economic Times · Bloomberg · · 1m 10s
Asian Stocks Mixed as Oil and AI Concerns Weigh
Asian stocks mixed as oil rally and AI investment fears push markets lower.
In brief
Asian stocks mixed as oil rally and AI investment fears push markets lower. Asian stocks mixed Thursday as oil prices rose and AI spending concerns weighed on sentiment. Originally reported by The Economic Times.
Asian benchmarks mixed
South Korean shares fell 0.2% while Japanese stocks edged higher in early Thursday trading.
US equity-index futures dropped
Nasdaq 100 Index contracts slipped 0.6% and S&P 500 dropped 0.4% after mixed megacap earnings.
Tesla cut capital spending forecast
Tesla reduced capital expenditures to $20 billion this year from earlier target of over $25 billion.
Meta boosted AI investment
Meta raised capital spending outlook to $135 billion to $145 billion for 2026.
BlackRock CEO warns on data centers
BlackRock CEO Larry Fink warned delays in building data centers could push up computing costs and threaten economic growth.
Oil prices rose after Middle East attack
West Texas Intermediate crude climbed toward $98 a barrel after Saudi oil field attack.
Middle East tensions escalate
US State Department ordered departure for non-emergency personnel from Saudi Arabia due to Houthi militants.
The short version
Asian stocks mixed Thursday as oil prices rose and AI spending concerns weighed on sentiment.
