Asian stocks tumble after AI rout rocks US markets
A rout in Asia's tech-heavy markets deepened today as fear of increased regulatory scrutiny and a slowdown in AI build-out precipitated the steepest decline in US stocks since the tariff-triggered "Liberation Day" selloff in April 2025.
Iran has extended a nuclear proposal to the United States, mediated by Qatar, amid calls for de-escalation and diplomacy in the region. Worries over potential political changes in the US threatening the AI investment boom led to a drop in Asian stock markets. In Israel, Arab parties have supported opposition leader Gadi Eisenkot's campaign to become the next prime minister, securing the majority of recommendations from Knesset parties.
However, forming a government may be challenging due to disagreements over Hamas. In Jordan, a police officer was killed and another injured in an attack in the capital, Amman. Meanwhile, Abu Dhabi is implementing a significant overhaul of government services in collaboration with OpenAI, aiming to streamline procedures and reduce processing times from days to mere minutes.
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- Iran sends nuclear proposal to US, Asian stock markets plunge and Abu Dhabi-OpenAI deal bears fruit thenationalnews.com
- Asian stock markets tumble as artificial intelligence sector faces severe global selloff dailytimes.com.pk
- AI Selloff Drives Asian Stock Markets to Fresh Grim Milestones bloomberg.com
- Tech stock rout, driven by US AI fears, continues in Asian trading aljazeera.com
- Asian markets battered after Wall Street AI rout ft.com
