Global Shares Mixed, Await Rate Rulings10/27 04:53

   World stocks were mixed Tuesday ahead of major corporate earnings reports 
and central-bank decisions.

   HONG KONG (AP) -- World stocks were mixed Tuesday ahead of major corporate 
earnings reports and central-bank decisions.

   In early European trading, Germany's DAX slipped 0.1% to 25,373.71, while 
the CAC 40 in Paris dropped 0.3% to 7,824.83. Britain's FTSE 100 fell 1% to 
10,664.58.

   The future for the S&P 500 lost 0.1%, while that for the Dow Jones 
Industrial Average was little changed.

   Asian shares mostly gained as benchmarks in Tokyo and Seoul were lifted by 
buying of AI-related stocks.

   South Korea's Kospi briefly gained more than 4% and closed 3.1% higher, at 
5,638.34. Computer chipmaker SK Hynix rallied 5.2% and Samsung Electronics 
gained 4.2%.

   SK Hynix is set to release its third-quarter earnings Wednesday, a day 
before rival Samsung Electronics reports its results. Samsung has estimated its 
operating profit for the last quarter will be up nearly eight-fold from a year 
earlier.

   Strong global demand for semiconductors is driving strong growth, and the 
South Korean economy expanded at a better-than-expected 3.4% annual rate in 
July-September, according to data released Tuesday.

   Tokyo's Nikkei 225 added 1.7% to 63,268.37. Testing equipment maker 
Advantest jumped 9.6% and OpenAI investor SoftBank Group climbed 5%.

   Hong Kong's Hang Seng gave up early gains, slipping 0.7% to 23,041.32, while 
the Shanghai Composite dropped 1.3% to 3,648.30.

   Traders were watching for any major announcements from a closed-door meeting 
in Beijing of top leaders of China's ruling Communist Party.

   Taiwan's Taiex rose 0.1%. India's Sensex slipped 0.5%.

   In Australia, the S&P/ASX 200 advanced 0.5% to 8,852.10.

   On Monday, the S&P 500 rose 0.7% and more than recovered its losses from 
last week, pulling within 1.8% of its all-time high set earlier this month. The 
Dow added 0.3%, and the Nasdaq composite climbed 0.8%.

   The strongest lift for the market came from Nvidia, which rose 2.4%. That 
helped the chip company recover some of its drop from three straight losing 
weeks, its longest such streak since June.

   But stocks elsewhere in the artificial-intelligence industry remained 
unsettled. They've been swerving on worries about whether their industry's boom 
is under threat because of how expensive it's become for companies to borrow 
money to build data centers and buy more AI chips.

   Anthropic, one of the key players of the AI boom, gave details Monday about 
how much money it's losing as it prepares to sell its stock on the publicly 
traded U.S. market for the first time.

   SpaceX, Elon Musk's rocket company that also runs the xAI business, had 
similar swings after it announced a roughly $40 billion deal with an entity 
managed by Apollo Global Management to lease AI computing power.

   Profit reports from huge tech companies this week could offer more details 
about how spending on AI is going, and whether it's producing the profits and 
productivity that proponents promised.

   Alphabet and Microsoft will report their latest quarterly results on 
Wednesday, with Amazon to follow on Thursday.

   The Fed last month hiked the fed funds rate for the first time in three 
years in hopes of slowing inflation, which has remained much higher than anyone 
would like.

   In other dealings Tuesday, Brent crude oil, the international standard, rose 
0.7% to $111.54 a barrel. U.S. benchmark crude gained 0.7%, to $102.47 per 
barrel.

   The dollar rose to 157.75 Japanese yen from 157.50 yen. The euro slipped to 
$1.1154 from $1.1176.