Asian Shares Mixed As AI-data Center Stocks Slide On Regulation Worries

Asian stocks ended mixed on Thursday as regional chipmaking shares slumped on expectations of tighter tech oversight.

Technology stocks slumped in South Korea and Japan on concerns that a Democratic-led U.S. Congress could push for tighter regulation of AI development and data center construction, which could lead to a slowdown in capex.

Underlying sentiment remained underpinned elsewhere across Asia as global bond yields eased and Brent crude prices plummeted to $95 a barrel on hopes that the U.S.-Iran war could end soon.