Asian Stocks Fall Amid Growing Investor Anxiety Over Massive AI Capex Plans
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Asian stocks fell on Friday due to rising investor anxiety over significant AI capital expenditure plans, following losses on Wall Street linked to a weakening U.S. labor market. South Korea's Kospi dropped 1.8%, while Hong Kong's Hang Seng Index and Singapore's FTSE Straits Times Index fell 1.4% and 0.7%, respectively. Amazon's announcement of a $200 billion AI spending plan by 2026 raised concerns among investors. Spot gold rose 1.2%, and Bitcoin rebounded 3.1% after hitting a low.
Source: MorningStar The copyright of this article belongs to the original author/organization.
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