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The Independent UK

National

Elaine Kurtenbach

Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump

Artificial Intelligence Stock Market Oil United States Nvidia

South Korea Financial Markets - (Copyright 2026 The Associated Press. All rights reserved.)

Asian shares were mostly lower Friday after the latest shudder for artificial-intelligence stocks weighed on markets around the world, giving the benchmark S&P 500 its worst day since July.

Oil prices were hovering at their highest levels since May on worries about the war with Iran, with Brent crude up 0.5% at $113.73 per barrel. U.S. benchmark crude oil added 0.6% to $100.08 per barrel.

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