Asian shares mixed after Alphabet earnings miss hits tech stocks

Asian shares and US futures were mixed Thursday after Google parent Alphabet's quarterly earnings missed expectations, dragging technology stocks lower. Alphabet shares fell about 10% in after-hours trading, raising doubts about whether its AI investments justify revenue growth. Microsoft gained nearly 3% after beating earnings forecasts, while Wall Street's S&P 500, Dow Jones, and Nasdaq each rose 0.3% Wednesday. The 10-year US Treasury yield eased below 5.00%, and Brent crude fell 1.2% to $110.32 per barrel. The Federal Reserve held rates steady Wednesday, with a December hike likely due to high inflation. South Korea's Kospi lost 2.2% as Samsung Electronics sank 5.4%, while Japan's Nikkei edged up 0.2% and Hong Kong's Hang Seng rose slightly.