The New Indian Express ·
Asian are mixed and OpenAI investor SoftBank shares plunge after calls to slow AI industry
HONG KONG: Asian shares were mixed Monday, as shares of Japanese investment conglomerate SoftBank Group, a key investor in OpenAI, fell more than 10% following calls from Anthropic and OpenAI to slow AI development for safety.
US futures edged lower, while oil prices gained more than 3% as worries grew over global oil supplies after Saudi Arabia shut down a major oil pipeline used to help bypass the Strait of Hormuz after it was attacked.
South Korea's Kospi lost 2.5% to 6,739.68. Japan's Nikkei 225 index slid 0.8% to 63,474.58. Hong Kong's Hang Seng rose 0.3% to 24,886.81. The Shanghai Composite index climbed 0.2% to 3,894.28.
