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The Economic Times
The Economic Times

Global Market Today: Asian stocks fall on AI jitters, oil extends drop

Oil Asia US Federal Reserve United States Bank of England Bank of Japan Donald Trump Kevin Warsh Artificial Intelligence Japan

Asian equities dropped as renewed concerns over artificial-intelligence spending fueled another selloff in chipmakers. Crude oil extended its decline.

The MSCI Asia Pacific Index fell 1.2%, with technology shares the biggest losers. The Kospi Index in South Korea dropped 5.6%, while the Nikkei in Japan slid 1.3%. The moves came after a US gauge of semiconductor giants fell 2.2%. SK Hynix Inc. and Samsung Electronics Co. were among the biggest losers in Asia.

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