AI anxiety triggers tech rout, Asian markets slide

AI anxiety triggers tech rout, Asian markets slide

Asian markets fell Tuesday led by chipmakers on unease about AI funding demands, while oil slid on US-Iran talks. The Wall Street Journal reported OpenAI seeks $250B in financing, and China's CXMT surged 466% on debut. Brent crude fell to $87.55, and US Treasury yields dipped. Traders see a 38% chance of Fed rate hike this week. The yen hovered near four-decade lows amid intervention risks.

Source: Reuters

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