Asian shares mixed as AI worries hit sentiment
In short
Asian stocks were mixed on Friday as worries about artificial intelligence hit market mood.
Japan's Nikkei 225 fell 2.6% to 62,960.60. The Bank of Japan was ending a two-day meeting, but most analysts expected no change, and no new decision was stated in the reporting.
What the reporting says
Asian shares traded mixed early Friday as worries about artificial intelligence grew after Alphabet's stock drop weighed on US markets. Japan's Nikkei 225 fell 2.6% to 62,960.60, while the Bank of Japan was ending a two-day policy meeting and most analysts expected no action. The move also came amid U.S. pressure on Japan to raise rates because of the weaker yen, but no decision had been announced in the available reporting.
Why it matters
Asian shares were mixed after concerns about AI intensified following Alphabet's stock drop in the US. Japan's Nikkei 225 fell 2.6% to 62,960.60 while the Bank of Japan was closing a two-day policy meeting, with most analysts expecting no action. The reporting also notes U.S. pressure on Japan over rates and the yen, but it does not confirm any policy move.