Asian stocks edged lower after a selloff in chipmakers dragged down Wall Street as investors questioned whether massive artificial-intelligence investments can justify lofty valuations. Oil climbed.
The MSCI Asia Pacific Index slid 0.3%, with declines in Japan and Australia. South Korea is closed for a public holiday. Contracts on the Nasdaq 100 dropped 0.5% after the underlying gauge lost 1.6% on Thursday. Also weighing on sentiment was Netflix Inc., whose shares fell over 8% in extended trading after forecasting a second straight quarter of slowing sales growth.
