Asian Shares Slide as Wall Street Slump and AI Investment Worries Weigh on Markets

Most Asian stock markets fell on Thursday, following a renewed sell‑off on Wall Street as investor concerns intensified over heavy spending in the artificial intelligence sector and the sustainability of tech valuations.

Sentiment was dampened after the U.S. Federal Reserve hinted it may hold off further interest rate cuts despite recent reductions, undercutting hopes of a year‑end boost for global equities. Key U.S. inflation data due later in the day could give investors fresh clues about monetary policy direction.

Market jitters were stoked by reports that private capital firms withdrew support for major AI-related projects, compounding unease after disappointing earnings from tech giants including Oracle, Broadcom, Nvidia, Alphabet, and AMD.

The tech‑heavy Nasdaq plunged nearly 2 percent in the latest Wall Street session, while the broader S&P 500 also retreated. Tokyo and Seoul led declines in Asia, with other major markets such as Singapore, Taipei, and Jakarta also in the red. A few bourses, including Hong Kong and Shanghai, bucked the trend with modest gains.

European markets showed mixed trading ahead of key central bank decisions expected later in the session.