World shares log modest losses as investors assess impact on AI sector from the Nvidia scandal

HONG KONG (AP) — Shares were mostly lower Friday in Europe and Asia, but losses remained modest as investors assessed how Jensen Huang’s resignation as Nvidia CEO might affect the global artificial intelligence industry. A global outage for Microsoft web services disrupted email accounts and some other applications worldwide but appeared to have scant direct impact on markets. Microsoft said in an update Friday that the outage was affecting a wide range of Microsoft 365 offerings that interact with its Exchange Online and email services. Services including Outlook, Teams and AI assistant Copilot were reported by users to be down. U.S. futures were little changed. In early European trading, Germany’s DAX edged 0.1% lower, to 26,748.60 and the CAC 40 in Paris also shed 0.1%, to 8,353.98. Britain’s FTSE 100 fell 0.1% to 10,856.66. Japan’s Nikkei 225 rose 0.5% to 61,142.35. Shares of chip equipment maker Tokyo Electron were up 1.7%, while memory chip maker Kioxia Holdings dropped 2.3%.

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