Asian shares are mixed after heavy selling of potential AI losers hits Wall Street
Summary
Asian shares showed mixed results following a decline in U.S. stocks, driven by heavy selling of companies seen as potential losers in the AI sector. Key markets in Japan and China gained, while others like Hong Kong faced losses.
Why It Matters
This article highlights the impact of AI on stock markets, particularly how investor sentiment shifts in response to perceived threats from AI advancements. Understanding these dynamics is crucial for investors and analysts monitoring market trends and economic indicators.
Key Takeaways
- Asian markets reacted mixedly after significant U.S. stock declines.
- Companies perceived as vulnerable to AI competition faced heavy selling.
- Investor sentiment remains cautious amid ongoing trade uncertainties.
Asian shares are mixed after heavy selling of potential AI losers hits Wall Street ELAINE KURTENBACH Mon, February 23, 2026 at 11:25 PM EST 4 min read ^N225 6857.T 6146.T CL=F ^AXJO BANGKOK (AP) — Asian shares were mixed Tuesday after U.S. stocks slumped on heavy selling of shares in companies that could be losers in the artificial-intelligence boom. U.S. futures climbed and oil prices also gained. Tokyo’s Nikkei 225 index surged 0.9% to 57,354.14 as computer-chip related companies advanced. Chip testing equipment maker Advantest was up 4.6%, while machinery maker Disco Corp. added 2.2%. Markets in mainland China gained more than 1% as they reopened following a weeklong holiday, but Hong Kong's Hang Seng fell as traders locked in profits from recent gains, slipping 1.9% to 26,564.01. The Shanghai Composite index rose 1.2% to 4,129.78. In South Korea, the Kospi picked up 1.8% to 5,951.90, setting fresh records on gains for Samsung Electronics, which jumped 3.2%. SK Hynix, another chip maker, was up 4.8%. In Australia, the S&P/ASX 200 edged 0.1% lower to 9,014.50, while Taiwan's Taiex gained 2.4%. India's Sensex fell 0.3%. Tuesday will bring President Donald Trump's State of the Union address. On Monday, U.S. stocks slumped after Trump ramped up his newest tariffs. The S&P 500 fell 1% to 6,837.75 after Trump said he would place temporary 15% tariffs on other countries following a Supreme Court ruling that struck down his sweeping “reciprocal” taxes on imports from around the...