World Shares Mostly Lower, Oil Declines08/27 05:22

   World shares were mostly lower Thursday following modest losses on Wall 
Street, while oil prices declined.

   HONG KONG (AP) -- World shares were mostly lower Thursday following modest 
losses on Wall Street, while oil prices declined.

   In premarket trading, Nvidia's shares jumped 7.2% after its latest quarterly 
earnings, released Wednesday after markets closed, beat Wall Street's 
expectations thanks to strong demand for its advanced artificial intelligence 
chips.

   In early European trading, Britain's FTSE 100 lost 0.5% to 10,823.29. 
France's CAC 40 fell 0.8% to 8,397.53, while Germany's DAX edged 0.2% higher to 
26,346.27.

   The future for the S&P 500 gained 0.5%, while that for the Dow Jones 
Industrial Average was nearly unchanged.

   During the Asian day, Tokyo's Nikkei 225 slipped 0.2% to 66,131.98. 
Multinational investment holding firm SoftBank Group, which invests in OpenAI 
and many other technology companies, gained 0.7%.

   South Korea's Kospi rose 1.5% to 6,912.37 as shares of market heavyweight 
Samsung Electronics gained 1.7%.

   Japan's and South Korea's stock markets have been among the biggest 
beneficiaries from the global AI frenzy, alongside Taiwan's market, where the 
benchmark Taiex index added 0.3%.

   Hong Kong's Hang Seng lost 0.3% to 25,565.74. The Shanghai Composite index 
rose 1.1% to 3,956.57.

   China reported that growth in industrial profits slowed in July to 11.2%, 
down from 15.1% in June.

   Australia's S&P/ASX 200 was 1% lower at 9,038.20.

   India's Sensex was down 0.4%.

   On Wednesday, Wall Street's benchmark S&P 500 fell less than 0.1% but was 
still near its record high levels. The Dow Jones Industrial Average lost 0.2%, 
while the technology-heavy Nasdaq composite dipped 0.1%.

   Nvidia, one of the world's most valuable companies, reported that its 
revenue for the May-July quarter more than doubled from the year before.

   Its earnings results are widely seen as a bellwether for the broader AI and 
chips industry, and big investments by tech giants in AI have sparked concerns 
among many investors over an AI bubble. The worry is that the companies may not 
generate enough profits within an expected timeframe to justify rising costs.

   Outside of earnings reports, Meta Platforms added 1.1% after agreeing to pay 
up to $18 billion and to add child-safety measures to Facebook and Instagram to 
end a landmark trial over teen social media addiction and settle claims filed 
by states across the country.

   Data released Wednesday showed the U.S. economy grew at a 1.5% pace in the 
April-June period, according to a revised estimate.

   The inflation measure the Federal Reserve has historically preferred to use 
sat at 3.7% last month, the same rate as in June. That is slightly worse than 
the 3.6% that economists expected, according to FactSet and far above the Fed's 
2% goal.

   In other dealings early Thursday, Brent crude, the international standard, 
edged down 0.1% to $86.83 per barrel. It was trading at around $72 a barrel in 
late February before the war in Iran began.

   Benchmark U.S. crude fell 0.2% to $82.04 per barrel.

   The U.S. dollar rose to 159.41 Japanese yen from 159.31 yen. The euro was 
trading at $1.1646, down from $1.1651.