Shares skid in Asia in sell-off of AI-related shares as Brent oil tops $100 per barrel
Complete. Here is the key summaryAsian shares skidded as Brent crude topped $100 per barrel due to Middle East tensions, while AI-related stocks sold off. U.S. futures dipped after Alphabet and Tesla tumbled. Trump imposed new tariffs, pushing the dollar to a 40-year high against the yen. Major indices fell: Kospi -5.9%, Nikkei -3.1%, Hang Seng -1.3%. Oil prices surged on Red Sea attacks, raising inflation concerns and potential rate hikes.
BANGKOK (AP) — Shares skidded Friday in Asia after Brent crude shot to its highest price since May as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas. U.S. futures were little changed after tumbles for two of Wall Street’s most influential companies, Alphabet and Tesla, yanked U.S. stocks to their worst los...