Technology firms have been riding to ever-higher levels this year, dragging equity markets with them as companies pump hundreds of billions of US dollars into all things linked to AI
[HONG KONG] Asian markets were mixed on Thursday (Oct 9) as investors tried to assess the outlook for the global artificial intelligence (AI)-fuelled rally, Federal Reserve interest rates and the ongoing US government shutdown.
News that Israel and Hamas had agreed to the first phase of a Gaza ceasefire provided some relief from geopolitical concerns and weighed on oil prices, while gold retreated the day after hitting an all-time high above US$4,000.
Technology firms have been riding to ever-higher levels this year, dragging equity markets with them as companies pump hundreds of billions of US dollars into all things linked to AI.
But there is a growing concern that the returns might not match the investment sums, leading to warnings that valuations may…
