Asian Shares Slip as AI Spending Concerns Weigh on Tech
Asian shares declined on Monday as growing concerns over the sustainability of artificial intelligence investments weighed on the technology sector. Investors now look ahead to crucial corporate earnings reports and upcoming US economic data.
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Asian share markets fell on Monday as investor anxiety over AI capital expenditure sustainability weighed on technology stocks. The downturn followed weak sentiment in the United States, where upcoming tech earnings and midterm elections added to market pressures. The high cost of oil also restricted the appeal of safe-haven bonds during the Monday morning session.
