Business & Finance
Asian Stocks to Fall as Tech Rout Fuels AI Fears: Markets Wrap
Key Points
Asian Stocks to Fall as Tech Rout Fuels AI Fears: Markets Wrap Asian stocks were set to fall, tracking Friday’s sharp Wall Street selloff as a rout in technology shares deepened concerns that a rally in artificial intelligence may have gone too far. Equity-index futures for Japan and South Korea pointed lower, while those for Australia were little changed after disappointing US tech earnings triggered the worst stock selloff since June on Friday, with the Nasdaq 100 tumbling 3.5% and briefly...
Asian Stocks to Fall as Tech Rout Fuels AI Fears: Markets Wrap
Asian stocks were set to fall, tracking Friday’s sharp Wall Street selloff as a rout in technology shares deepened concerns that a rally in artificial intelligence may have gone too far.
Equity-index futures for Japan and South Korea pointed lower, while those for Australia were little changed after disappointing US tech earnings triggered the worst stock selloff since June on Friday, with the Nasdaq 100 tumbling 3.5% and briefly entering a technical correction.