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Technology

Asian trading is mixed as worries about AI-related issues grow

Marcus Chen
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN

Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.

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Managing Editor · Friday, October 30, 2026 at 2:34 AM · 1 min read
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Asian trading is mixed as worries about AI-related issues grow — Wellington Technology news

TOKYO (AP) — Asians shares were trading mixed early Friday, as worries about the future of artificial intelligence grew after Alphabet's stock drop dragged on U.S. markets.Japan's benchmark Nikkei 225 dropped 2.6% to 62,960.60. The Bank of Japan is closing a two-day monetary policy board meeting, but most analysts expect no action this time around after the central bank raised its benchmark rate to 1.25% last month.The U.S. has also been pressuring Japan to raise rates because of concerns about the weakening yen. In currency trading, the U.S. dollar fell to 157.50 Japanese yen from 157.65 yen. The euro cost $1.1197, up from $1.1181.Australia's S&P/ASX 200 rose 0.5% to 8,937.60. South Korea's Kospi declined 5.4% to 5,618.76, as shares in SK Hynix and Samsung Electronics both slipped in morning trading.Shares related to the great market interest in AI have tended to be volatile, because some issues, including chip makers, get pushed up because of that interest, but then may decline becau

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