AI Sentiment Filters In, Asia Takes Hit
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Asia-Pacific markets fell on Friday, following Wall Street's decline, driven by concerns over AI disruption. The Nikkei 225 dropped 1.2%, while the Hang Seng index fell 1.7%. Japanese and Indian IT stocks also saw losses. However, Hong Kong-listed Zhipu AI surged 16% after a significant rally, and Beijing Haizhi Technology Group shares soared over 260% post-IPO. Overall, the CSI 300 in Shanghai decreased by 1.3%, with major Chinese tech stocks like Alibaba and Baidu also declining. Other regional markets, including Korea, Singapore, Australia, and New Zealand, experienced losses as well.
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