TOKYO — Global stocks mostly fell on Tuesday, as optimism fueled by a record rise on Wall Street collided with concern about rising oil prices. Potential AI bubble.
France’s CAC 40 index fell 0.6% in early trading to 8,006.60, while Germany’s DAX fell 0.8% to 24,148.77. Britain’s FTSE 100 index fell 0.5% to 10,219.65. US stocks were on the verge of a decline, with Dow futures down nearly 0.1% to 49,763.00. S&P 500 futures fell 0.4% to 7,409.25.
In Asia, Japan’s Nikkei 225 index added 0.5% to close at 62,742.57. South Korea’s Kospi index fell 2.3% to 7,643.15 points, which analysts classify as the fallout from over-reliance on faltering artificial intelligence hopes.
“Global stocks remain dangerously dependent on a small group of AI leaders, creating a bullish structure that looks strong on the surface but is increasingly fragile underneath,” said Stephen Innes, an analyst at SPI Asset Management.
He believes that South Korea may be among the first major economies to undergo what he calls the “political redistribution phase of the AI boom.”
Australia S&The P/ASX 200 index fell 0.4% to 8,670.70 points. Hong Kong’s Hang Seng Index lost earlier gains and fell 0.2% to 26,347.91, while the Shanghai Composite Index lost nearly 0.3% to 4,214.49.
Oil prices continued to rise, as… War with Iran threatened to Pull. The price of standard US crude rose $2.90 to $100.97 per barrel. Brent crude, the international standard, rose $2.61 to $106.82 per barrel.
US President Donald Trump described the US-Iranian ceasefire as “life support” after rejecting the latest Iranian proposal to end the war. This raises the stakes for Trump This week’s trip to China. China is the largest buyer of sanctioned Iranian crude oil.
The war had already driven up the price of a barrel of Brent crude from pre-war levels of around $70 and caused inflation in the global economy. The war has closed its doors Strait of Hormuz It kept oil tankers stuck in the Persian Gulf instead of delivering crude oil to customers around the world.
However, some companies still advertise it Bigger profit Than analysts expected, which means The American economy is holding up Although Families feel frustrated Because of expensive gasoline and tariffs.
In currency trading, the US dollar rose to 157.62 Japanese yen from 157.12 yen. The price of the euro reached $1.1747, down from $1.1787.
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AP Business Writer Stan Choi contributed to this report.
Yuri Kageyama is in the topics: https://www.threads.com/@yurikageyama