Asian Shares Mixed As AI Concerns Pressure Chip Stocks

Asian stocks ended mixed on Friday, with tech and semiconductor shares falling amid ongoing AI-related concerns.

There was a sell-off across the AI value chain after Google parent Alphabet burnt through cash last quarter, Amazon signaled higher capital expenditures next year atop an already huge amount in 2026, and Intel warned about a faltering PC market.

Adding to the risk-off tone, Binance, the world’s largest crypto exchange, has frozen digital assets worth around $3bn (£2.24bn) as it investigates a “potential security issue.”