Tech stock rout, driven by US AI fears, continues in Asian trading
Global markets are being roiled due to concerns over US data centre expansion and AI regulation.
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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