Asian Markets Mixed After Alphabet Earnings Disappoint
· Business · The Independent, Investing.com
Asian shares and U.S. futures traded mixed on Thursday as investors reacted to lower-than-expected earnings from Google parent Alphabet. While Microsoft shares rose, Alphabet's decline of about 10% in after-hours trading raised concerns regarding the profitability of massive AI investments. Meanwhile, the Federal Reserve held interest rates steady, with analysts anticipating a potential hike in December. Samsung Electronics shares fell 5.4% despite strong results, while Japan's Nikkei 225 edged up 0.2%.
Why it matters
The market reaction highlights investor anxiety over whether the current surge in AI spending by major tech firms will yield sufficient financial returns.
Read the original report — The Independent
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