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World shares are mixed after Wall Street AI - related losses , while oil prices jump

World shares were mixed on Friday as oil hovered near its highest level since May on worries about the war with Iran, with Brent crude up 0.8% to $114.02 a barrel. In Europe, Germany's DAX fell 0.4% and France's CAC 40 dropped 0.6% to 7,765.74, while in Asia Hong Kong's Hang Seng rose 0.7% and the Shanghai Composite gained 0.9%. On Thursday the S&P 500 fell 1.2% for its worst day since July as tech stocks slumped, even though most U.S. stocks rose; Meta lost 7%, Nvidia fell 4.4% and CoreWeave dropped 10.1% amid concerns over the cost of borrowing to fund AI. The 10-year Treasury yield fell to 4.97% from 5.13% as investors bought government bonds for safety. The article also says worries about government debt and strained budgets are weighing on almost every developed economy.

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