Stock market today: Asian stocks rise after Wall Street barrels to records

HONG KONG — Asian markets rose Thursday after Wall Street barreled to records Wednesday as the frenzy around artificial-intelligence technology keeps sending stocks higher.In Tokyo, the Nikkei 225 index climbed 0.6% to 38,703.51. The Hang Seng in Hong Kong edged 0.1% higher to 18,437.17 and the Shanghai Composite index dropped 0.2% at 3,059.31.

Treasury yields fell in the bond market following some mixed data on the economy. One report said real estate, health care and other businesses in the U.S. services sector returned to growth last month and beat economists’ forecasts. Perhaps more importantly for Wall Street, the report from the Institute for Supply Management also said prices rose at a slower pace in May than a month before.

But it also raises the possibility of overshooting and sending the economy into a recession, which would ultimately hurt stock prices. In other dealings, U.S. benchmark crude oil gained 34 cents to $74.41 per barrel in electronic trading on the New York Mercantile Exchange.Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during glitch will have their deals canceled by the NYSE

"It’s a terrible, terrible path that they’re leading us to," the former president said. "And it’s very possible that it’s going to have to happen to them.

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