Asian markets trade mixed amid AI boom sustainability concerns

Asian markets opened unevenly on Thursday as investors weighed whether heavy spending on artificial intelligence infrastructure can generate lasting returns, Mettis Global reported. Japan’s Nikkei 225 rose 0.19% and Topix gained 0.38%, while South Korea’s Kospi fell 0.67% and Kosdaq lost 0.73%; Australia’s S&P/ASX 200 was flat. Hong Kong’s Hang Seng futures were at 23,602, below its previous close of 23,651.87.

The mixed regional session followed gains on Wall Street, where the S&P 500 extended its advance to three sessions, the Dow added 360 points and the Nasdaq rose 1%. Meta gained 2% in extended trading after reporting stronger-than-expected revenue and issuing positive quarterly guidance, while Tesla fell 3% despite beating expectations for third-quarter revenue and earnings. Investors are also watching upcoming US company results and weekly jobless claims for indications about corporate performance and labour-market conditions.