ðŸ‡ðŸ‡° English, 29 October 2026, AI earnings
Asian shares fall as AI-related earnings announcements prompt mixed responses
Asian markets decline as Alphabet's cash burn and Samsung's AI chip demand impact shares
The decline in Asian markets was triggered by Alphabet’s hefty cash burn, which sent its shares 10 percent lower and wiped nearly US$400 billion off its market value.
Microsoft, however, beat forecasts with better-than-expected cash flows, lifting its shares by three percent.
Samsung Electronics’ operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, but its shares still slid more than four percent.