Asian stocks skid, Wall Street and bonds aided by oil slip

Asian stock markets dipped on Monday due to worries over AI's substantial funding requirements, as investors braced for a week of earnings reports. The euro weakened following riots in France, while a decline in oil prices provided some relief to bonds and Wall Street stock futures. Oil prices fell after President Donald Trump waived some sanctions on Russia, though he later stated no final decision had been made.

US Secretary of State Marco Rubio said the president would take up to 60 days to evaluate the economic impact of such a move.

In the commodities market, gold saw a slight boost from falling yields, climbing 0.4 per cent to $4,181 an ounce. Investor sentiment was influenced by geopolitical tensions and the flow of safe-haven investments into sovereign bonds, which resulted in a 3 basis point decrease in 10-year Treasury yields.