Asia-Pacific markets were set to open lower Friday after fears about artificial intelligence disruption in the U.S. sent the S&P 500
to a third straight day of losses.
Certain pockets of the U.S. stock market have been hit this year by the release of AI tools that could replicate their businesses — or at least eat into their profit margins.
Shares of several trucking and logistics companies declined on fears that new AI tools could slash major freight inefficiencies, leading to less demand for the industry’s services.
Real estate and financial stocks were also casualties, with commercial real estate brokers extending losses for a second straight day.
