Global Market Today: Asian stocks slip on AI woes, oil extends drop - The Economic Times
• Asian stock markets declined as investors mirrored a global tech sell-off driven by fears that the artificial intelligence rally has become overheated. • Market participants are increasingly questioning high valuations in the AI sector due to rising operational costs and intensifying competition. • US Treasury yields fell following the release of softer jobs data and a drop in oil prices, which reduced expectations for further Federal Reserve rate hikes.
economictimes.indiatimes.com