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The Economic Times
The Economic Times
Business

Global Market Today: Asian stocks slip on AI woes, oil extends drop

Oil US Federal Reserve United States

Asian stocks fell, putting the regional benchmark on track for a second straight weekly decline as concerns mounted that the artificial intelligence-fueled rally has run ahead of itself.

Gauges in Japan and South Korea retreated, sending the broader MSCI Asia Pacific Index down 0.4%. The moves came after the tech-heavy Nasdaq 100 Index fell 1.6%, and a gauge of US chip stocks tumbled over 5%.

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