Tech, AI Outlooks Roil But Broadly Lift Asian Stock Markets
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Asian stock markets showed mixed performance, with some tech stocks declining due to AI-disruption concerns, while semiconductor stocks rose. The Nikkei 225 in Japan increased by 0.9%, driven by tech shares and a weaker yen. In contrast, Hong Kong's Hang Seng Index fell 1.8% amid tech sector weakness. The Shanghai Composite rose 0.9%, and other regional markets like South Korea and Taiwan saw gains. Overall, the MSCI All Country Asia Pacific Index increased by 0.5%.
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