Asian shares fall as Alphabet earnings miss drags Wall St futures lower
- SYDNEY: Asian shares gave up earlier gains on Thursday (Oct 29) as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day.
- Hefty cash burn from Alphabet sent its shares 10 per cent lower in after-hours trading, wiping nearly US$400 billion off its market value.
- That drove Nasdaq futures 1 per cent lower.
Unverified
- SYDNEY: Asian shares gave up earlier gains on Thursday (Oct 29) as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day.
- Hefty cash burn from Alphabet sent its shares 10 per cent lower in after-hours trading, wiping nearly US$400 billion off its market value.
- That drove Nasdaq futures 1 per cent lower.
Sources: CNA