Asian markets traded mixed as oil and gold prices rose on renewed geopolitical tensions.
Asian markets posted mixed but mostly positive results, signalling calmer trading after days of sharp swings linked to artificial intelligence concerns and US monetary policy uncertainty.
Hong Kong, Shanghai, Sydney, Seoul and Singapore closed higher. Tokyo, Manila and Mumbai ended lower.
Technology stocks remained under pressure after US-based AI firm Anthropic unveiled a legal automation tool, raising fears of disruption across software, finance and asset management sectors. Weak sales forecasts from chipmaker Advanced Micro Devices added to market unease.
Despite tech worries, investors appeared more confident that recent volatility may be easing.
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Gold and silver prices rose for a second day as traders returned after a sharp sell-off earlier in the week. Analysts said prices had fallen far enough to attract new buyers.
Oil prices also climbed after a US fighter jet shot down an Iranian drone near an aircraft carrier in Middle Eastern waters. The incident followed Iran’s attempt to seize a US-linked oil tanker in the Strait of Hormuz.
The renewed tensions came ahead of planned nuclear talks between Washington and Tehran, keeping energy markets on edge.
In the United States, markets found some support after President Donald Trump signed a short-term spending bill, reducing the immediate risk of a government shutdown. Lawmakers now have two weeks to agree on a full-year homeland security budget.
In corporate news, Nintendo shares fell 11 percent after weak earnings and concerns over supply shortages.
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