Asian Shares Dip as AI Stocks Slide on Wall Street
Asian markets fell as AI stocks dropped, with Japan's Nikkei up slightly amid uncertainty over AI development and global competition.
POLICY WIRE — Tokyo, Japan — Asian shares were mostly lower Tuesday after artificial intelligence (AI) stocks declined on Wall Street.
Japan’s benchmark Nikkei 225 rose in morning trading but later eased, ending the day up 0.2% at 63,621.08. The decline followed comments from OpenAI CEO Sam Altman suggesting a potential delay in the company’s stock sale, which could affect major investors like Softbank. Australia’s S&P/ASX 200 fell 0.9%, South Korea’s Kospi dropped 0.8%, and Hong Kong’s Hang Seng slipped 0.6%.
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Concerns about the rapid pace of AI development have also weighed on markets, with industry leaders warning of the need for a slowdown to ensure safety. Meanwhile, oil prices continued to rise due to ongoing conflicts in the Middle East, with a key Saudi pipeline expected to be out of service for weeks.
Reporting by Policy-Wire (PW)





