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News 2026-10-23 05:28 UTC

AI Selloff Deepens & Oil Extends Rally - Asia Market Wrap

Global stocks remained under pressure Friday as investors continued rotating out of AI-related shares and into safer assets, while oil extended its gains. Following Thursday’s sharp selloff in chip stocks on Wall Street, MSCI's Asia Pacific Index fell 0.5%, putting it on course for its lowest close since late July. Sou