Global Market Today: Asian stocks slip on AI woes, oil extends drop

Synopsis Asian stocks dipped, mirroring a global tech sell-off fueled by concerns that the AI rally has overheated. Investors are questioning sky-high valuations amid rising costs and market competition. Meanwhile, US Treasuries saw yields fall after softer jobs data and lower oil prices eased expectations for further Federal Reserve rate hikes this year, though at least one increase remains priced in. Asian stocks fell, putting the regional benchmark on track for a second straight weekly decline as concerns mounted that the artificial intelligence-fueled rally has run ahead of itself. Gauges in Japan and South Korea retreated, sending the broader MSCI…