Tech stocks slide on AI spending worries, elevated yields
Asian markets edged lower as investors worried about the large sums needed for AI investment amid elevated yields and energy prices.
Asian stocks fell on Friday and were set for a second consecutive weekly decline as investors weighed elevated energy prices, bond-market volatility and the large sums required to fund AI investment. Brent crude futures ICEEUR:BRN1! 70 per barrel in Asian hours.