Asia Markets Mixed Amid AI Fears and Tech Rout
Asian markets show mixed performance, with mainland China rallying post-holiday while Hong Kong and India slump, as fears surrounding AI trigger a rout in the tech sector.
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Asian markets show mixed performance, with mainland China rallying post-holiday while Hong Kong and India slump, as fears surrounding AI trigger a rout in the tech sector.
Jordan's Crown Prince chaired a meeting focused on advancing the FinTech sector within the country.

The head of a committee in Hong Kong states that the number of secondary school students studying advanced mathematics must more than double to ensure a sufficient pipeline for university science and technology courses and careers.
Amazon and ASML are at the forefront of tech sector layoffs in 2026, contributing to a total of over 26,000 job cuts across the industry.
The United States is forming a technology alliance, including India as its newest member, to counter China's growing influence in the tech sector.
Plata in Mexico has obtained a banking license, a move expected to escalate competition within the country's burgeoning fintech sector.

The tech sector is increasingly focused on voice as the next major frontier in artificial intelligence, even as current AI voice technologies like ChatGPT still exhibit glitches.
Humain announced a $3 billion investment in xAI, preceding its merger with SpaceX, indicating significant strategic moves in the tech sector.
Infosys has disclosed the portion of its revenue generated from artificial intelligence, as the tech sector grapples with increasing fears of disruption caused by AI advancements.
Alibaba's stock led a tech sector slide after the Pentagon briefly displayed the company on a blacklist.
A weekly review of Palantir's activities highlights investor concerns over AI disruption, recent insider stock sales, and broader market anxieties affecting the tech sector.

Germany is reportedly feeling pressure from China's ascent from poverty to the world's second-largest economy, particularly due to Beijing's penetration into high-tech sectors.
Qatar has achieved the sixth position worldwide in the Islamic fintech sector, highlighting its growing presence in this specialized financial market.

A Hong Kong committee head states that the number of secondary school students studying advanced mathematics must more than double to ensure a sufficient pipeline for science and technology courses and careers.

Most work in tech sector with top destinations the UAE, followed by Spain and the US, according to Rathbones
Tata Electronics has announced a partnership to produce Qualcomm's automotive modules in India, signaling a boost for local manufacturing in the tech sector.
Morgan Stanley has identified Rocket Pharmaceuticals (RCKT) as a key beneficiary of the anticipated biotech sector recovery in 2026.
A fund has made a substantial $47 million investment in Unity stock, signaling a belief in an ad-tech sector turnaround.
Battery Ventures, a prominent tech investment firm, has successfully raised $3.25 billion for its latest fund, indicating strong investor confidence in the tech sector.
Oracle's stock saw a significant 12% increase, contrasting with declines for Apple and Amazon during a volatile week for the tech sector.
The S&P 500 index concluded the trading day with a modest gain, even as the technology sector experienced a slight decline and signs of cooling inflation emerged.

Earlier this month, Finance Minister François-Philippe Champagne defended the measures, which he said were a key ask by innovators, particularly in the tech sector
Russia and Iran are reportedly planning to establish a joint technological market, fostering collaboration in the tech sector.
The sector was not spared the knock-on effects of the war, which began in October 2023 and led to staffing shortages and skittishness from would-be backers.
FedEx is reportedly performing well and achieving success despite a general slump in the technology sector, highlighting its resilience and strategic advantages.

Asian stock markets experienced a significant rally, with the Australian (ASX) and South Korean (KOSPI) indices reaching all-time highs, driven by a strong rebound in the technology sector.
A dispute over 'woke' AI policies has intensified between the Pentagon and AI company Anthropic, indicating growing tensions in the defense and tech sectors.
Wall Street is experiencing an upward trend as the technology sector shows renewed momentum, contributing to overall market gains.
Eric Trump has made an investment in a drone company that specializes in developing 'low cost per kill' drone technology, signaling a venture into the defense tech sector.

The education start-up Byju's has collapsed, leading to US court sanctions and raising concerns over India's tech sector. Authorities are now searching for missing funds.

Which US States Are Seeing Incomes Rise The Fastest (And Slowest) Since 2019, U.S. household incomes have surged - rising from $68,700 to $83,730 nationally, a 21.9% increase in just five years. But where you live matters a lot. While some states tracked close to the national average, others saw incomes climb at nearly double the pace, driven by booming local industries and major investment. States like Colorado posted outsized gains, while Georgia’s expanding EV industry brought billions in investment and rising paychecks. The map, via Visual Capitalist's Dorothy Neufeld, shows which states saw the fastest growth in median household income from 2019 to 2024, using data from the U.S. Census Bureau. Trends in Median Income by State Below, we show the change in median household income for all 50 U.S. states and D.C. between 2019 and 2024 using nominal figures (not adjusted for inflation): Rank State Change in Median Household Income Median Household Income 2019 Median Household Income 2024 1 Colorado 46.9% $72,500 $106,500 2 Georgia 43.4% $56,630 $81,210 3 Maine 36.3% $66,550 $90,730 4 Montana 36.1% $60,190 $81,920 5 Tennessee 34.0% $56,630 $75,860 6 Rhode Island 31.6% $70,150 $92,290 7 Massachusetts 29.9% $87,710 $113,900 8 Florida 29.6% $58,370 $75,630 9 Iowa 29.4% $66,050 $85,480 10 Missouri 29.4% $60,600 $78,390 11 California 28.8% $78,100 $100,600 12 New Hampshire 28.7% $86,900 $111,800 13 North Dakota 25.8% $70,030 $88,080 14 Mississippi 25.0% $44,790 $55,980 15 Ohio 24.5% $64,660 $80,520 16 South Dakota 24.3% $64,260 $79,850 17 Michigan 23.9% $64,120 $79,460 18 South Carolina 23.8% $62,030 $76,780 19 Idaho 23.7% $65,990 $81,650 20 Utah 23.0% $84,520 $104,000 21 Wisconsin 22.6% $67,350 $82,560 22 New York 20.8% $71,850 $86,830 23 Texas 20.8% $67,440 $81,490 24 Wyoming 20.8% $65,130 $78,680 25 New Mexico 20.8% $53,110 $64,140 26 Oregon 20.5% $74,410 $89,700 27 Virginia 20.2% $81,310 $97,720 28 Kansas 19.9% $73,150 $87,690 29 Arizona 19.9% $70,670 $84,700 30 Arkansas 18.9% $54,540 $64,840 31 Washington 18.3% $82,450 $97,500 32 New Jersey 18.0% $87,730 $103,500 33 Nebraska 17.9% $73,070 $86,140 34 West Virginia 17.6% $53,710 $63,150 35 Louisiana 17.5% $51,710 $60,740 36 Alabama 16.7% $56,200 $65,560 37 Alaska 16.4% $78,390 $91,260 38 Kentucky 16.4% $55,660 $64,790 39 Delaware 15.7% $74,190 $85,860 40 Indiana 15.0% $66,690 $76,710 41 Maryland 14.8% $95,570 $109,700 42 Vermont 14.7% $74,310 $85,260 43 Connecticut 13.7% $87,290 $99,240 44 Nevada 13.7% $70,910 $80,590 45 Pennsylvania 13.4% $70,580 $80,060 46 Minnesota 13.4% $81,430 $92,350 47 Illinois 13.2% $74,400 $84,210 48 District of Columbia 12.6% $93,110 $104,800 49 Hawaii 11.6% $88,010 $98,240 50 Oklahoma 9.9% $59,400 $65,310 51 North Carolina 9.9% $61,160 $67,220 Colorado’s thriving tech industry helped push median income up 46.9%, the fastest rise across states. With $165,606 in average earnings across the sector in 2023, Colorado ranked sixth-highest nationally. From software to renewable energy, employment growth has expanded by double- or even triple-digit percentages across various roles since 2018. Georgia ranks in a close second, with median incomes climbing 43.4%. In particular, the EV and aerospace sectors are playing a key role in job creation. Since 2018, the state has seen $27.3 billion in investment across EV, aerospace, and battery manufacturers including Rivian and SK Battery America. Maine, meanwhile, saw wages rise 36.3%. In 2024, wages across the tech sector saw the steepest jump of 11.4% while those in the construction sector saw strong gains of 8.5%. Other factors, such as its older population and tight labor market, have further boosted wages. Falling near the middle of the pack were New York and Texas, each with wage gains of 20.8% between 2019 and 2024. By contrast, North Carolina and Oklahoma saw only 9.9% cumulative wage growth, the weakest performance nationwide. Median household income in both states remains well below the U.S. average and still trails pre-pandemic levels. To learn more about this topic, check out this graphic on average hourly earnings by state in 2025. Tyler Durden Sat, 02/14/2026 - 22:45