Equity Alert
Most Asian indices down tracking losses on Wall Street
This story was originally published at 08:39 IST on 13 February 2026
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Equity Alert: Most Asian indices down tracking losses on Wall Street
MUMBAI--0816 IST--Barring South Korea's Kospi, all Asian equity indices fell, tracking losses on Wall Street due to a decline in technology stocks. This vould be attributed to continued worries that artificial intelligence tools will pose a threat to the operations of software companies and may lead to unemployment.
Investors in Asia were looking out for any spillover effects, even as Taiwan, the most prominent market in the AI space, was closed for the Lunar New Year holiday. Japan's Nikkei 225 index fell 0.8% and Topix First Section declined nearly 1%. FTSE Singapore Strait Times fell over 1%. Meanwhile, South Korea's Kospi hit a new historical high of 5558.82 points Friday.
The Kospi index was supported by buying interest from foreigners and the National Pension Fund early in the session, Chosun Biz reported. Shares of Samsung Electronics rose nearly 1% and shares of SK Hynix rose 0.3%. Investors in Asia are now shifting their focus to US inflation data, due Friday. Economists forecast a 0.3% increase in core inflation in January, which is enough to see the annual rate slow to 2.5% from 2.7%, Reuters reported.
Following are the levels of key Asian indices at 0816 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4699.13 |
(-)0.4 |
|
Hang Seng Index |
26635.14 |
(-)1.47 |
|
KOSPI |
5547.49 |
0.46 |
|
Nikkei 225 Day |
57183.37 |
(-)0.79 |
|
TOPIX FIRST SECTION |
3844.59 |
(-)0.97 |
|
FTSE Singapore Straits Times |
4960.21 |
(-)1.13 |
|
S&P/ASX 200 Index |
8915.7 |
(-)1.41 |
(Adhithya Aji)
Equity Alert: AI fears hit US indices again; tech-heavy Nasdaq ends 2% lower
MUMBAI--0740 IST--US equity indices ended lower on Thursday due to continued fears that artificial intelligence could disrupt the business models of whole industries and raise unemployment. The tech-heavy Nasdaq ended 2% lower due to a sell-off in technology and transport stocks. The S&P 500 ended nearly 1.6% lower and the Dow Jones Industrial Average ended over 1% lower.
AI fears were coupled with less than impressive quarterly results of technology company Cisco Systems. The stock fell over 12%. This added to the negative sentiment in the technology stocks broadly, Reuters reported. Transportation companies were also caught up in worries about AI disruption.
"The broader narrative within the market is what sectors and industries can increase productivity from AI investments, and on the flip side, what industries are going to be disrupted by AI," Reuters quoted Jack Herr, primary investment analyst at GuideStone Funds, as saying. Herr said that he sees this as a "prove it" year for AI, and it is time to start seeing some return on investments.
Financial stocks such as Morgan Stanley came under pressure due to worries that AI would disrupt wealth management businesses, CNBC reported. Shares of the company ended nearly 5% lower. Trucking and logistics company CH Robinson plummeted nearly 15% due to fears that AI would streamline freight operations, weighing on certain revenue lines, as per the CNBC report. Even real estate stocks were not spared from the AI worries. Shares of CBRE and SL Green Realty fell nearly 9% and nearly 5%, respectively, on the notion that unemployment would hit demand for office space, the CNBC report said. Technology stock Palantir Technolgies ended nearly 5% lower and shares of Autodesk ended nearly 4% lower.
Investors now await a key inflation report due Friday. Economists expect the January CPI print to show a 0.3% increase for both headline and core inflation, which excludes food and energy prices, CNBC reported, citing a poll by Dow Jones.
Following are the closing levels of US indices Thursday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6832.76 |
(-) 1.57 |
|
NASDAQ Composite |
22597.15 |
(-)2.03 |
|
Dow Jones Industrial Average |
49451.98 |
(-)1.34 |
(Adhithya Aji)
US$1 = INR 90.59
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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