MANILA – Asian shares were mixed on Thursday after the U.S. stock market again approached its record high following the Federal Reserve’s cut in its main interest rate.

U.S. futures fell and oil prices were little changed.

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The Fed's rate cut was widely expected, but comments by Fed Chair Jerome Powell encouraged hopes for more cuts in 2026.

However, some Asian technology companies saw sharp declines after Oracle, a bellwether in the artificial intelligence sector, reported weaker than expected earnings. Its shares sank 11.5% in aftermarket trading. The company’s spending spree in AI has some worried about its cash flow.

In Tokyo, the Nikkei 225 index fell 1% to 50,087.11, pulled lower by a 6.8% drop in technology and telecoms giant SoftBank Group Corp., a major i

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