MANILA, Philippines (AP) — 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 and oil prices fell.

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.

“Frankly, the report was not dramatically bad, but it came to confirm concerns around heavy AI spending, financed by debt, with an unknown timeline for revenue generati

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