World shares are mostly lower after Wall St retreats following economic
updates
[August 27, 2026] By
CHAN HO-HIM
HONG KONG (AP) — World shares were mostly lower Thursday following
modest losses on Wall Street, while oil prices declined.
In premarket trading, Nvidia’s shares jumped 7.2% after its latest
quarterly earnings, released Wednesday after markets closed, beat Wall
Street’s expectations thanks to strong demand for its advanced
artificial intelligence chips.
In early European trading, Britain's FTSE 100 lost 0.5% to 10,823.29.
France's CAC 40 fell 0.8% to 8,397.53, while Germany's DAX edged 0.2%
higher to 26,346.27.
The future for the S&P 500 gained 0.5%, while that for the Dow Jones
Industrial Average was nearly unchanged.
During the Asian day, Tokyo's Nikkei 225 slipped 0.2% to 66,131.98.
Multinational investment holding firm SoftBank Group, which invests in
OpenAI and many other technology companies, gained 0.7%.
South Korea’s Kospi rose 1.5% to 6,912.37 as shares of market
heavyweight Samsung Electronics gained 1.7%.
Japan’s and South Korea’s stock markets have been among the biggest
beneficiaries from the global AI frenzy, alongside Taiwan’s market,
where the benchmark Taiex index added 0.3%.
Hong Kong’s Hang Seng lost 0.3% to 25,565.74. The Shanghai Composite
index rose 1.1% to 3,956.57.
China reported that growth in industrial profits slowed in July to
11.2%, down from 15.1% in June.
Australia’s S&P/ASX 200 was 1% lower at 9,038.20.
India’s Sensex was down 0.4%.
On Wednesday, Wall Street’s benchmark S&P 500 fell less than 0.1% but
was still near its record high levels. The Dow Jones Industrial Average
lost 0.2%, while the technology-heavy Nasdaq composite dipped 0.1%.
Nvidia, one of the world’s most valuable companies, reported that its
revenue for the May-July quarter more than doubled from the year before.
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A person walks near an electronic stock board showing Japan's Nikkei
index at a securities firm Thursday, Aug. 27, 2026, in Tokyo. (AP
Photo/Eugene Hoshiko)
 Its earnings results are widely seen
as a bellwether for the broader AI and chips industry, and big
investments by tech giants in AI have sparked concerns among many
investors over an AI bubble. The worry is that the companies may not
generate enough profits within an expected timeframe to justify
rising costs.
Outside of earnings reports, Meta Platforms added 1.1% after
agreeing to pay up to $18 billion and to add child-safety measures
to Facebook and Instagram to end a landmark trial over teen social
media addiction and settle claims filed by states across the
country.
Data released Wednesday showed the U.S. economy grew at a 1.5% pace
in the April-June period, according to a revised estimate.
The inflation measure the Federal Reserve has historically preferred
to use sat at 3.7% last month, the same rate as in June. That is
slightly worse than the 3.6% that economists expected, according to
FactSet and far above the Fed's 2% goal.
In other dealings early Thursday, Brent crude, the international
standard, edged down 0.1% to $86.83 per barrel. It was trading at
around $72 a barrel in late February before the war in Iran began.
Benchmark U.S. crude fell 0.2% to $82.04 per barrel.
The U.S. dollar rose to 159.41 Japanese yen from 159.31 yen. The
euro was trading at $1.1646, down from $1.1651
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