Asian stocks fall as tech shares slide on mixed US earnings and oil spike

france24.com —

Asian stocks fell Thursday as technology shares resumed declines following mixed earnings from US giants Meta and Tesla, while rising oil prices further dampened investor sentiment. Tesla reported lower third-quarter profits and cut its capital spending forecast, while Meta raised its AI investment estimates, fueling concerns about the sustainability of massive AI spending and profitability timelines. Oil prices rose over one percent after Houthi attacks on Saudi Aramco facilities, prompting the US to order non-essential embassy staff to leave Saudi Arabia. South Korean chipmakers and Hong Kong tech firms led regional losses.


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