South Korea Financial Markets

A dealer talks on the phone at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 13, 2026.

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Asian shares trade mixed as AI excitement fades and war worries continue

Asian shares trade mixed as AI excitement fades and war worries continue

Asian shares are trading mixed, as the enthusiasm over AI and other technology stocks gradually faded, braking Wall Street’s record-setting run. Benchmarks rose slightly in early Wednesday trading in Tokyo and Seoul. Shares were lower in Sydney, Hong Kong and Shanghai. The Kospi index sank 2.3% earlier in the week from its all-time high on worries that the government may redistribute windfall AI profits from companies to its citizens. On Wall Street, the S&P 500 dipped 0.2% from its all-time high set the day before. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite sank 0.7% from its own record.