<div id="readability-page-1" class="page"><div> By Ronnie Harui <pre></pre> Asian stocks fell on Friday, amid growing anxiety among investors over massive artificial-intelligence capital expenditure plans. Most equity markets in the region declined, tracking overnight losses on Wall Street that were partly driven by signs of a weakening U.S. labor market. Government and private sources indicated unexpectedly low job openings for December, surprisingly high claims for unemployment insurance last week and a sharp uptick in corporate job cuts last month. In an indication of sharp swings in regional benchmark indexes, South Korea's stock-market regulator briefly halted trading on the main exchange on Friday. The trading curb, designed to limit excessive market moves, was triggered by the Kospi 200 Futures index's fall of more than 5%, Korea Exchange said. Momentum trades, which have performed very well over the past few quarters, have been getting unwound, DBS Group Research's Eugene Leow said in commentary. &#34;These include going long tech, long precious metals and short USD,&#34; the senior rates strategist said. South Korea's Kospi fell 1.8%, Hong Kong's Hang Seng Index dropped 1.4% and Singapore's FTSE Straits Times Index declined 0.7%. Amazon.com unveiled plans for a huge increase in AI-related spending. The technology company said it expects capital spending to hit $200 billion in 2026, a nearly 60% increase from last year and far above Wall Street expectations. &#34;In particular, investors are questioning the enormous capex plans from the hyperscalers,&#34; DBS Group Research's Leow said. &#34;Stresses are showing in stock price performance and credit related instruments,&#34; he added. Spot gold rose 1.2% to $4,832.26 a troy ounce after earlier touching $4,655.30 an ounce, the lowest intraday level since Feb. 2, ICE data showed. Bitcoin rebounded 3.1% to $65,085.12 after reaching $60,008.52, the lowest intraday level since October 2024, LSEG data showed. &#34;The asset has seen such dramatic selloffs before, and the rebound will be swift if it comes,&#34; IG chief market analyst Chris Beauchamp said of bitcoin. The ICE USD Index was little changed at 97.86, according to FactSet data. <pre></pre> Write to Ronnie Harui at ronnie.harui@wsj.com <pre></pre> (END) Dow Jones Newswires February 05, 2026 22:25 ET (03:25 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

亚洲股市在周五下跌，因投资者对重大人工智能资本支出计划的担忧加剧，此前华尔街因美国劳动力市场疲软而出现亏损。韩国 Kospi 指数下跌 1.8%，而香港恒生指数和新加坡海峡时报指数分别下跌 1.4% 和 0.7%。亚马逊宣布到 2026 年将投入 2000 亿美元用于人工智能支出，这引发了投资者的担忧。现货黄金上涨 1.2%，比特币在触及低点后反弹 3.1%

Asian Stocks Fall Amid Growing Investor Anxiety Over Massive AI Capex Plans

- 亚洲股市在周五下跌，投资者对人工智能巨额投资计划表示担忧。  
- 美国劳动市场疲软迹象导致华尔街市场前一日亏损，影响地区市场。  
- 南韩股市因市场波动暂时停止交易，Kospi 指数下跌超 5%。

MorningStar

亚马逊

恒生指数

天弘中证计算机主题ETF

鹏扬中证数字经济主题ETF

云计算 ETF - GlobalX

Roundhill AMZN WeeklyPay ETF

标普软件与服务 ETF - SPDR

GraniteShares 2x Long AMZN Daily ETF

北美科技软件股指数 ETF - iShares

由于投资者对大规模人工智能资本支出计划的担忧加剧，亚洲股市下跌