Asian stocks today: Markets trade in red amid AI concerns; Nikkei sheds over 400 points

Asian stocks tumbled, mirroring Wall Street's decline, as investor concerns grew over the technology sector's high valuations and substantial AI spending. Weakening expectations for a year-end rally followed the US Federal Reserve's hint at a potential pause in interest rate cuts, with markets now awaiting US inflation data for further guidance.

Asian stocks today: Markets trade in red amid AI concerns; Nikkei sheds over 400 points
Asian stocks tumbled, mirroring Wall Street's decline, as investor concerns grew over the technology sector's high valuations and substantial AI spending. Weakening expectations for a year-end rally followed the US Federal Reserve's hint at a potential pause in interest rate cuts, with markets now awaiting US inflation data for further guidance.