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Asian stocks hit by fresh tech fears as gold retreats from peak
Asian markets dropped due to concerns over high AI investment costs and stretched tech valuations while gold and silver declined after record peaks, and oil fell amid easing US-Iran tensions.
- On Friday, Asian stock markets fell amid fresh worries over AI investments as gold and silver tumbled from record highs and oil retreated on hopes of easing US-Iran tensions.
- Amid worries about AI returns, Microsoft announced a surge in AI infrastructure spending that dented optimism, while Amazon.com Inc. considered a $50 billion investment in OpenAI.
- Markets showed broad losses across major Asian bourses as Hong Kong's Hang Seng Index and Shanghai Composite fell more than one percent while the MSCI Asia Pacific Index climbed 8.7% this month.
- Regulators rushed to implement measures aimed at averting a potential downgrade by MSCI Inc. amid fears that a Middle East conflict would send crude prices soaring and push inflation higher.
- Having soared in recent years, tech-led gains now face scrutiny as the 'Magnificent Seven' valuations raise concerns amid this week's dollar weakness, President Donald Trump's threats, and tariff warnings.
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Asian stocks hit by fresh tech fears as gold retreats from peak
Asian stocks sank Friday amid fresh worries over vast investments in artificial intelligence, gold and silver tumbled after hitting multiple record highs and oil retreated on hopes for an easing of US-Iran tensions.
US Stock Futures Fall on Apple Warning, Gold Up: Markets Wrap
(Bloomberg) — US equity-index futures fell at the open after Apple Inc. warned about margins amid concerns whether the heavy investments by tech companies in artificial intelligence will deliver sufficient returns. Gold rebounded in early Friday, while silver advanced.
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Total News Sources22
Leaning Left3Leaning Right5Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 20%
C 47%
R 33%
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