Asian Stock Rout Deepens on AI Worries Ahead of Tech Earnings

Asian stock rout deepens on AI worries ahead of tech earnings

SINGAPORE: Asian stocks sank on Wednesday (Jul 29), extending a vicious selloff as anxiety about artificial intelligence valuations and whether the massive spending will deliver returns rattled investors ahead of crucial earnings from big tech firms and a United States Federal Reserve policy decision.

Asian stocks stabilise after rout ahead of tech earnings, Fed decision

MSCI's broadest index ​of Asia-Pacific shares outside Japan was 0.8% higher after shedding 3.6% on Tuesday and remains on course for a monthly drop of 6.6%

Asian stocks rebound after rout ahead of tech earnings

The MSCI's broadest ⁠index of Asia-Pacific shares outside Japan was trading higher after shedding 3.6 per cent in the previous session.