Stocks in Asia fell after a technology-led selloff on Wall Street as investors questioned whether the billions being poured into the artificial intelligence buildout will generate sufficient returns. Oil held its gains.
The MSCI Asia Pacific Index declined 0.8% after gauges in Japan, South Korea and Australia slipped. That came after the S&P 500 fell 1.2%, its biggest one-day drop in a month, and the tech-heavy Nasdaq 100 lost 1.9%. A gauge of megacap stocks suffered its worst session since the tariff-driven market rout in April 2025, underscoring investors’ retreat from risk assets.
