Asian stocks hit 2-month low on AI jitters, bonds find favour | live
By Ankur Banerjee SINGAPORE, Oct 13 (Reuters) - Asian stocks slid to a more than two-month low on Tuesday as a sharp selloff in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 2% to its lowest level since late July, led by the region's AI chipmakers. Nasdaq futures fell 0.77% while European futures were 0.2% lower.
By Ankur Banerjee SINGAPORE, Oct 13 (Reuters) - Asian stocks slid to a more than two-month low on Tuesday as a sharp selloff in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 2% to its lowest level since late July, led by the region's AI chipmakers. Nasdaq futures fell 0.77% while European futures were 0.2% lower.
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