Asian stocks start week on back foot, tracking tech-led Wall St losses
Asian stocks mostly fell Monday as traders tracked a tech-heavy selloff on Wall Street that was fuelled by growing worries over the AI investment boom."The US equity sell-off reflected a reassessment of the economics underpinning the AI investment boom rather than a simple downgrade to end-demand," said National Australia Bank's Rodrigo Catril.
Asian stocks mostly fell Monday as traders tracked a tech-heavy selloff on Wall Street that was fuelled by growing worries over the AI investment boom."The US equity sell-off reflected a reassessment of the economics underpinning the AI investment boom rather than a simple downgrade to end-demand," said National Australia Bank's Rodrigo Catril.
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