Asian stocks ended little changed on Thursday as an AI-driven rally lost steam and hopes of aggressive Fed rate cuts waned. China’s Shanghai Composite remained flat while Hong Kong’s Hang Seng index saw a slight dip after Super Typhoon Ragasa. Japanese markets closed higher, with the Nikkei rising 0.27 percent. Seoul stocks were mostly unchanged, and Australian markets finished marginally higher. The dollar held steady, gold remained near record levels, and oil prices retreated. U.S. stocks closed lower for a second day, with the Dow, Nasdaq, and S&P 500 all seeing declines.

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