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Global shares mostly rise after buying of AI-related shares and oil prices fall

Global shares mostly rise as artificial intelligence buying leads a market rally.

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14950Aug 13 11:29Aug 13 12:29 UTC

The story so far

Global shares are mostly rising following a tech-driven rally on Wall Street powered by the purchase of artificial intelligence-related shares, while oil prices simultaneously fall. Asian shares mostly rise as part of this broader movement, with the KOSPI exiting a bear market due to the returning tech rally, Nikkei gaining, and optimism growing for broader Japanese stocks despite chip concerns.

However, coverage notes that China slips amid these regional gains. Coverage does not yet specify the broader economic triggers behind the drop in oil prices or the future trajectory of the tech sector.

Specific figures regarding market gains and losses are not provided in the current reporting.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 47m ago.

The reporting (5)

The obvious questions

What drove the rise in global shares?

Buying of artificial intelligence-related shares following a rally on Wall Street.

How did major Asian markets perform?

Asian shares mostly rose, with the KOSPI exiting a bear market, the Nikkei gaining, and China slipping.

What happened to oil prices?

Oil prices fell during the market shifts.

People, places & organizations

Topics

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