The article discusses the mixed performance of Asian shares following a sell-off in U.S. stocks triggered by concerns over the potential impact of artificial intelligence (AI) on various industries. Key points include: Investors remain cautious about the implications of AI, leading to a decline in tech stocks. The Nasdaq fell 2% on Tuesday, with AI-related companies like Microsoft and Google’s parent Alphabet experiencing significant losses. However, some analysts believe the AI sell-off may have been overdone, as the technology could also create new opportunities. In Asia, Japan’s benchmark Nikkei 225 rose, while indexes in South Korea and Australia declined. Chinese markets were closed for a holiday. The article highlights the ongoing debate surrounding AI’s potential disruption and the need for companies to adapt to this rapidly evolving technology.
Source: https://abcnews.go.com/Business/wireStory/stock-market-today-asian-shares-mixed-after-ai-111116499