Asian markets dip as tech earnings and Gulf tensions weigh

reuters.com [$] —

Asian stocks struggled in early trade Thursday as optimism from tech earnings provided only fleeting support amid lingering concerns over AI spending and Gulf tensions. US stock futures fell 0.4%, while Treasury yields dropped and Brent crude rose 1.1% to $110.03 a barrel. Meta's plan to issue non-voting stock drew scrutiny on AI costs, and the US ordered diplomats to leave Saudi Arabia amid Houthi strikes. The dollar index dipped to 102.2, while the yen stayed flat after a Bank of Japan official signaled readiness to raise rates. Gold was slightly lower at $4115.5 per ounce, and bitcoin fell 0.4% to $84,284.05.


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