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Stock impact report

Asian shares are mixed, US futures edge higher as AI fears drag Wall Street lower [Yahoo! Finance Canada]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
U.S. futures edged higher, while oil prices resumed their ascent. Crude prices have climbed to their highest level since early August as both the United States and Iran signal they are prepared for war if talks on Tehran's nuclear program fizzle out. Tokyo's Nikkei 225 fell 1.1% to 56,825.70 as shares in major banks and other financial institutions skidded on worries over the potential impact of weakening private credit companies that have lent to companies exposed to the risk that AI will steal away their businesses. That includes market heavyweights like Mitsubishi UFJ Financial Group, which has a partnership with Blue Owl Capital, one such private-credit company. MUFJ's shares dropped 2.2% in Tokyo after Blue Owl lost 5.9% on Thursday. Toyota Motor Corp. fell 3.7% and Sony shed 3.2%. In Hong Kong, the Hang Seng lost 0.8% to 26,481.67 as the market reopened following Lunar New Year holidays. Markets in mainland China and Taiwan remain closed until next week. South Korea's Show less Read more
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