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Global shares mostly rise after buying of AI-related shares and oil prices fall
apnews.com • • general
Key Points:
- Global stock markets showed mixed gains on Thursday, with AI-related stocks, particularly in computer chips, driving much of the positive momentum.
- European markets saw modest increases, with France's CAC 40 up 0.1% and Germany's DAX rising 0.4%, while the UK's FTSE 100 declined by 0.4%.
- Asian markets were mixed: Japan's Nikkei 225 rose 1.2%, South Korea's Kospi surged 3.6% led by strong performances from Samsung Electronics and SK Hynix, whereas Hong Kong's Hang Seng and China's Shanghai Composite fell slightly.
- Investors are becoming more selective with AI stocks, focusing on companies demonstrating profitable returns on AI investments amid recent volatility in the sector.
- Oil prices declined, with U.S. crude down $1.18 to $82.08 per barrel and Brent crude falling $1.17 to $87.81, while the U.S. dollar weakened slightly against the Japanese yen following recent joint interventions by the U.S. and Japan.
