An aerial view of Singapore’s skyline.
Tong Thi Viet Phuong | Moments | Getty Images
Asia-Pacific markets fell on Friday, following Wall Street’s decline on concerns about artificial intelligence disruption. S&P500 In the red for three consecutive days.
This year, parts of the U.S. stock market have been hit by the release of AI tools that threaten the automation of tasks performed by some companies, or at least risk eating into profit margins.
Shares of multiple trucking and logistics companies have fallen on concerns that new AI tools could significantly reduce significant transportation inefficiencies, leading to reduced demand for the industry’s services.
Software stocks such as Palantir Technologies and Autodesk also fell, plagued by concerns about disruption in recent weeks.
Real estate and financial stocks also fell, with commercial real estate brokers widening their losses for the second day in a row.
Asian investors were paying close attention to the ripple effects. Taiwan, one of the most prominent markets in the AI field, was closed for the Lunar New Year holiday.
In Asia, IT stocks in Japan and India fell, trend micro and NS Solutions They fell by about 5.61% and 2.4%, respectively. In India, Tata Consultancy Services While the decline was 1.82%. infosys It fell by 1.48%.
Chinese tech stocks also fell, with Alibaba down 2.14% and Baidu down more than 3%. Tech giant Meituan fell 3.06%.
Japanese Nikkei Stock Average After briefly reaching 58,000 on Thursday, it fell 1.21% to end at 56,941.97. TOPIX fell 1.63% to 3,818.85. Both indexes were dragged by energy stocks.
Korean Kospi The Kosdaq reversed previous gains and fell 0.28% to 5,507.01, ending a four-day winning streak, while the small-cap Kosdaq fell 1.77% to close at 1,106.08.
hong kong Hang Seng Index The stock fell 1.71% in the first hour of trading, weighed down by basic materials stocks, while the mainland’s CSI 300 fell 1.25% to close at 4,660.41.
Hong Kong-listed Zhipu AI, which trades as Knowledge Atlas Technology, rose 16% on Friday after surging nearly 30% on Thursday, extending its gains on investor enthusiasm for its newly launched open source GLM-5 model.
MiniMax also added more than 11%, extending its gains from the previous session as momentum from its latest M2.5 model and enhanced AI agent tools continued to drive buying intent.
Beijing Haizhi Technology Group’s stock price soared more than 260% following its $97 million IPO.
Australia’s S&P/ASX 200 index fell 1.39% to 8,917.6, with healthcare stocks being the index’s biggest losers.
