Asian Shares Wobble as Alphabet Earnings Miss Drags Futures

Asian shares traded erratically on Thursday after a steep drop in Alphabet shares weighed on Wall Street futures. Meanwhile, the Federal Reserve held interest rates steady as investors awaited key US inflation and GDP data.

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FILE PHOTO: A trader works, as a screen broadcasts a press conference by US Federal Reserve Chair Kevin Warsh following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 29, 2026. REUTERS/Brendan McDermid/File Photo

Asian equities traded erratically during Thursday morning sessions as artificial intelligence spending drove divergent corporate earnings responses. The mixed signals raise the stakes for upcoming results from AMAZON.COM INC and INTEL CORP later in the day.