By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) — World shares were mixed Tuesday after U.S. stocks slumped on heavy selling of shares in companies that could be losers in the artificial-intelligence boom.

A report by Citrini Research, a New York-based financial services company, that outlined a future scenario in which AI’s dominance caused the “human-centric consumer economy,” to wither away with dire consequences for employment, was the latest hit to confidence for companies that might be displaced by fast expanding use of the technology.

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“Policy response has always lagged economic reality, but lack of a comprehensive plan is now threatening to accelerate a deflationary spiral,” the report says.

Still, Tuesday brought gains for computer-chip makers and other companies that profit from development of AI.

In early European trading, Germany’s DAX edged 0.2% lower to 24,952.11 and in Paris the CAC 40 was down less than 0.1% at 8,491.94. Britain’s FTSE 100 also lost less than 0.1%, to 10,673.99.

The futures for the S&P 500 and Dow Jones Industrial Average were up less than 0.1%.

In Asian trading, Tokyo’s Nikkei 225 index surged 0.9% to 57,321.09. Chip testing equipment maker Advantest rose 4.5%, while machinery maker Disco Corp. added 2.1%.

Markets in mainland China advanced as they reopened following a weeklong holiday, but Hong Kong’s Hang Seng fell as traders locked in profits from recent gains, slipping 1.8% to 26,590.32.

The Shanghai Composite index rose 0.9% to 4,117.41.

In South Korea, the Kospi picked up 2.1% to 5,969.64, setting fresh records on gains for memory chipmaker Samsung Electronics, which jumped 3.6%. SK Hynix, another chipmaker, closed 5.7% higher.

In Australia, the S&P/ASX 200 edged less than 0.1% lower, ending at 9,022.30, while Taiwan’s Taiex gained 2.8%.

India’s Sensex fell 1.3%.

Tuesday will bring President Donald Trump’s State of the Union address.

On Monday, U.S. stocks slumped after Trump ramped up his newest tariffs.

The S&P 500 fell 1% to 6,837.75 after the president said he would place temporary 15% tariffs on other countries following a Supreme Court ruling that struck down his sweeping “reciprocal” taxes on imports from around the world.

The Dow Jones Industrial Average dropped 1.7% to 48,804.06. The Nasdaq composite sank 1.1% to 22,627.27.

Trump’s quick shift toward more aggressive tariffs shows how much uncertainty still hangs over the global economy, even after the Supreme Court said the president lacked the legal authority to institute his sweeping “reciprocal” tariffs.

Investors may be sensing it will take a long time, as well as more court battles, before more clarity comes about how global trade will look.

On Wall Street, big losses hit companies under suspicion of getting undercut by AI-powered rivals.

CrowdStrike fell 9.8% to widen its loss for the young year so far to 25.3%. A new tool from Anthropic that scans codebases for security vulnerabilities and suggests targeted software patches for human review has been hitting stocks across the cybersecurity industry.

AppLovin sank 9.1% and took its loss for the year to date to 43.5%. It’s among the software companies hurt by worries that AI competition will steal customers and fundamentally reset their industries.

A profit report from Nvidia is due on Wednesday. Worries are rising that companies like Alphabet and Amazon may be spending so much on Nvidia’s chips that they’ll never be able to recoup their investments through higher productivity and future profits.

In other dealings early Tuesday, U.S. benchmark crude oil gained 31 cents to $66.62 per barrel. Brent crude, the international standard, was up 30 cents at $71.41 per barrel.

Crude prices have been gaining on worries that President Donald Trump might take military action against Iran.

The U.S. dollar rose to 155.86 Japanese yen from 154.66 yen. The euro fell to $1.1783 from $1.1786.

The price of bitcoin fell 4.3% to $63,180.

LONDON (AP) — British comedian Russell Brand pleaded not guilty on Tuesday to new counts of rape and sexual assault.

Brand, who was already facing similar charges involving four women, denied the new charges in Southwark Crown Court. The alleged offenses took place in 2009, the Crown Prosecution Service said.

Brand, 50, was charged in April with two counts of rape, two counts of sexual assault and one count of indecent assault. Prosecutors said those offenses involving four women took place between 1999 and 2005 — one in the English seaside town of Bournemouth and three in London. Brand pleaded not guilty to those charges in a London court earlier this year.

A trial scheduled for June is expected to last four to five weeks.

The “Get Him To The Greek” actor, known for risqué stand-up routines, battles with drugs and alcohol, has dropped out of mainstream media in recent years. He built a large following online with videos mixing wellness and conspiracy theories, as well as discussing his religious devotion.

Today is Tuesday, Feb. 24, the 55th day of 2026. There are 310 days left in the year.

Today in history:

On Feb. 24, 1988, in a ruling that expanded legal protections for parody and satire, the Supreme Court unanimously overturned a $200,000 award that the Rev. Jerry Falwell had won against Hustler magazine and its publisher, Larry Flynt.

Also on this date:

In 1803, in its landmark Marbury v. Madison decision, the U.S. Supreme Court established the foundational principle of judicial review of the constitutionality of laws and statutes.

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In 1868, the U.S. House of Representatives impeached President Andrew Johnson by a vote of 126-47 following his attempted dismissal of Secretary of War Edwin M. Stanton; Johnson was later acquitted by the Senate by a single vote.

In 1942, the SS Struma, a charter ship attempting to carry nearly 800 Jewish refugees from Romania to British-mandated Palestine, was torpedoed by a Soviet submarine in the Black Sea; all but one of the refugees died.

In 1981, a jury in White Plains, New York, found Jean Harris guilty of second-degree murder in the fatal shooting of “Scarsdale Diet” author Dr. Herman Tarnower. (Sentenced to 15 years to life in prison, Harris was granted clemency by New York Gov. Mario Cuomo in December 1992.)

In 1991, the United States began ground operations in the Gulf War by entering Iraqi-held Kuwait.

In 2008, Cuba’s parliament named Raul Castro president, ending nearly 50 years of rule by his brother, Fidel, who announced days earlier that he would not seek reelection. Raul Castro served as president until April 2018.

In 2011, Discovery, the world’s most traveled spaceship, thundered into orbit for the final time, heading toward the International Space Station on a journey marking the beginning of the end of the shuttle era.

In 2020, Hollywood movie mogul Harvey Weinstein was convicted of rape and sexual assault in New York and was led off to prison in handcuffs in a pivotal moment for the #MeToo movement. An appeals court later threw out the verdict and ordered a new trial, but Weinstein remained behind bars after other convictions.

In 2022, Russia began a full-scale invasion of Ukraine, launching airstrikes on cities and military bases and sending troops and tanks from multiple directions.

Today’s birthdays:

Actor Dominic Chianese is 95.
Nike co-founder Phil Knight is 88.
Actor Barry Bostwick is 81.
Actor Edward James Olmos is 79.
Musician George Thorogood is 76.
Baseball Hall of Famer Eddie Murray is 70.
Actor Billy Zane is 60.
Boxing Hall of Famer Floyd Mayweather Jr. is 49.
Tennis Hall of Famer Lleyton Hewitt is 45.
Actor Daniel Kaluuya is 37.
Singer-songwriter Domenic Innarella is 15.

A Hastings man was sentenced to more than 16 years in prison for producing and possessing child sexual abuse material, the U.S. Attorney Daniel N. Rosen’s office announced Monday.

Hunter James Geidl, 29, was indicted in 2024 on three counts of production and attempted production of child pornography and one count of possession of child pornography.

Court documents state that in May 2022, Geidl “knowingly possessed” a video of a minor engaged in sexually explicit activities. Then from July 29, 2022 until March 22, 2024, court documents say Geidl allegedly employed and used minors to engage in sexually explicit conduct to produce videos.

“Protecting our nation’s children is a mission we hold sacred in the FBI,” said Richard Evanchec, the Interim Special Agent in Charge of the FBI’s Minneapolis Field Office.  “The sentence imposed on Mr. Geidl should send a strong message about our work to bring to justice those who prey on America’s kids.  If you have information about additional victims of Hunter James Geidl who have not yet been identified, you are urged to contact the FBI at 1-800-CALL-FBI (800-225-5324) or tips.fbi.gov.”

During the sentencing, U.S. District Judge Katherine M. Menendez said while Geidl may be a first-time defendant, he is not a first-time offender, Rosen’s office said.

Geidl’s prison sentence will be followed by 10 years of supervised release.

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