Lates News

Concerns about rising costs of investing in artificial intelligence cast a shadow over Asian stock markets on Thursday, with the tech sector leading the way. Investors have been shifting funds from tech giants to cyclical stocks in recent times due to fears that AI will impact employment. The latest sell-off triggered by the new legal tool launched by Claude, a large model under Anthropic, has caused the tech sector to lose approximately $830 billion in market value since January 28. The market is now closely watching the earnings report of Amazon to be released later today, as well as policy meetings of the Bank of England and the European Central Bank expected to maintain interest rates unchanged. In the currency market, the yen has weakened for the fourth consecutive day due to concerns about the country's finances following Prime Minister Highichi's optimistic prospects of securing a decisive victory in the upcoming election and his expansionary fiscal policy.