Asian stocks subdued; Japan shares surge offsetting China weakness
Asian stocks ended mixed on Thursday after Microsoft reportedly lowered its AI product sales targets, reviving worries over softer AI demand and margins. Investors also adopted a cautious stance before rate decisions by the Federal Reserve and the Bank of Japan in coming days. China's Shanghai Composite index finished marginally lower at 3,875.79 after a choppy session on concerns over slowing services growth and a prolonged property slump. Hong Kong's Hang Seng index rose 0.68 percent to 25,935.90.
Asian stocks ended mixed on Thursday after Microsoft reportedly lowered its AI product sales targets, reviving worries over softer AI demand and margins. Investors also adopted a cautious stance before rate decisions by the Federal Reserve and the Bank of Japan in coming days. China's Shanghai Composite index finished marginally lower at 3,875.79 after a choppy session on concerns over slowing services growth and a prolonged property slump. Hong Kong's Hang Seng index rose 0.68 percent to 25,935.90.
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