Asian shares mostly advance but tech stocks remain volatile, while oil sinks 3.3%
Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.
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HONG KONG (AP) — Asian shares were mostly higher Monday but technology stocks remained volatile, while oil prices fell more than 3%.U.S. futures edged higher after Wall Street fell Friday to its worst day since June as investors dumped technology- and artificial intelligence-related stocks.Japan’s Nikkei 225 gave up early gains, slipping 0.1% to 63,218.02 as some major technology names fell.Shares of OpenAI investor SoftBank Group dropped 1.8%. Japanese memory chipmaker Kioxia Holdings fell roughly 14% as its earnings forecasts disappointed some analysts and investors.South Korea’s benchmark Kospi index rose 2.3% to 5,859.83. Samsung Electronics added 1.7%, while memory chipmaker SK Hynix jumped 4.2%.Technology stocks have been volatile due to growing worries that the AI buildup may prove to be a bubble.Apple is due to report its latest earnings results later in the day. Last week, earnings reports from Google parent Alphabet Inc. and Amazon rattled markets and raised fresh questions o