Asian stocks set to fall as AI fears deepen Wall Street selloff

· Economy · United States

Asian stocks were set for declines, tracking Friday's sharp Wall Street selloff as a rout in technology shares deepened concerns that the artificial intelligence rally has gone too far, while oil fell. The market got a long-awaited jolt of volatility after disappointing earnings from technology giants added to angst around the AI-driven rally. Traders now say bond yields have declined even as oil is expected to keep rising, a warning that investors may be more worried about an AI crash than inflation. BMO's Jennifer Lee said a tech cooling could ease pressure on the Federal Reserve.

Why it matters：A tech-led selloff could ripple through global markets and change expectations for central bank policy.

Key points

  • Wall Street sold off sharply on Friday
  • Oil prices fell as Asian markets opened lower
  • Bond yields have declined despite rising oil expectations

Sources (original reporting)

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