Asian Markets Mixed, AI Fades
Analysis based on 6 articles · First reported May 13, 2026 · Last updated May 13, 2026
Asian shares traded mixed as fading enthusiasm for AI and technology stocks, particularly for Intel and Micron Technology, put brakes on Wall Street's record run. Elevated oil prices, driven by the ongoing war with Iran and the closure of the Strait of Hormuz, also contributed to a rougher market outlook. Treasury yields rose as traders anticipate the United States — Federal Reserve will maintain high interest rates to combat inflation.
Asian shares traded mixed as enthusiasm for AI and technology stocks waned, leading to declines in companies like Intel and Micron Technology on Wall Street. The S&P 500 and Nasdaq Composite fell from their record highs, while the Dow Jones Industrial Average saw a slight gain. Oil prices, including Brent Crude and West Texas Intermediate, remained elevated due to the ongoing war with Iran and the effective closure of the Strait of Hormuz to oil tankers. In South Korea, the KOSPI index experienced volatility after a government official suggested redistributing AI profits. Bond markets saw rising Treasury yields as traders expect the United States — Federal Reserve to keep interest rates high to combat inflation. Currency markets saw the United States strengthen against the Japan — Japanese yen and the Europe.
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