Asian shares are mixed in cautious trading after a mixed day on Wall
Street
[November 12, 2025] By
YURI KAGEYAMA
TOKYO (AP) — Asian shares were mixed Wednesday in cautious trading after
most U.S. stocks rose, settling back to where they were before last
week’s swoon over the future of artificial intelligence.
U.S. futures edged higher while oil prices declined.
Japan's benchmark Nikkei 225 inched less than 0.1% lower to 50,823.52.
SoftBank Group's shares plunged as much as 9% and was down 6.6% by
midday. It said Tuesday that it sold its entire stake in the AI chip
company Nividia for $5.83 billion last month, raising funds for other
investments.
A big question has been whether investors will push the frenzy around AI
stocks further. Their sensational growth has been one of the top reasons
the U.S. market has hit records despite a slowing job market and
still-high inflation. But their prices have shot so high that critics
say they’re reminiscent of the 2000 dot-com bubble, which ultimately
burst and dragged the S&P 500 down by nearly half.
Elsewhere in Asia, Hong Kong’s Hang Seng rose 0.7% to 26,871.02, while
the Shanghai Composite lost 0.2% to 3,993.35.
Australia’s S&P/ASX 200 inched up less than 0.1% to 8,822.00. South
Korea’s Kospi added 0.7% to 4,136.14.
On Tuesday, the S&P 500 added 0.2% to 6,846.61. It’s been bouncing
around lately, coming off Monday’s vigorous rebound following its first
losing week in four.
The Dow Jones Industrial Average surged 1.2%, to a record close of
47,927.96, surpassing its prior all-time high set two weeks ago. The
Nasdaq composite lagged the market as Nvidia slipped 3% due to continued
concerns that stocks caught up in the artificial-intelligence frenzy may
have become too expensive. The Nasdaq dipped 0.3% to 23,468.30.
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Currency traders watch monitors near a screen showing the Korea
Composite Stock Price Index (KOSPI) at the foreign exchange dealing
room of the Hana Bank headquarters in Seoul, South Korea, Wednesday,
Nov. 12, 2025. (AP Photo/Ahn Young-joon)
 Helping to lead the market was
Paramount Skydance, whose shares jumped 9.8% even though the
entertainment giant reported revenue and profit for the latest
quarter that fell short of Wall Street’s expectations. It was the
company’s first earnings report since Skydance closed its
acquisition of Paramount in early August.
Close behind was FedEx, which climbed 5.4% after it increased its
forecast for profit in the current quarter. Instead of expecting
growth from just the summer, the delivery company now also expects
profit to rise in this year’s holiday-shopping season from last
year's.
In the U.S. bond market, trading was closed for the Veterans Day
holiday.
What’s making the Fed’s job potentially more difficult is that the
U.S. government’s shutdown has delayed important updates on jobs and
other areas of the economy. The Senate has made moves to end what’s
become the longest-ever shutdown, but it’s not assured.
In energy trading, benchmark U.S. crude declined 17 cents to $60.87
a barrel. Brent crude, the international standard, lost 18 cents to
$64.98 a barrel.
In currency trading, the U.S. dollar edged up to 154.30 Japanese yen
from 154.04 yen. The euro cost $1.1582, down from $1.1587.
___
AP Business Writer Stan Choe contributed.
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