Economic TimesLean R·
Global Market Today: Asian stocks drop on tech jitters, oil edges lower
Asian stocks dropped, tracking declines on Wall Street, as speculation about OpenAI’s revenue revived concerns over the sustainability of the artificial-intelligence spending boom. Oil edged lower.The MSCI Asia Pacific equities index edged 0.1% lower early Friday. Japan’s Nikkei fell over 1%, with Softbank Group Corp. declining more than 5%. The regional moves came after the Nasdaq 100 Index sank 1.4%, its worst day in seven weeks, while a US gauge of chipmakers slumped 3.4%. The S&P 500 In…
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