ASIAN SHARES SLIP AS SHARP DROPS FOR AI STOCKS OVERWHELM MARKETS WORLDWIDE AND OIL PRICES JUMP

What happened: Asian shares were mostly higher Friday, rebounding from early losses, while oil prices hovered at their highest since May on worries about the war with Iran. AI-related stocks swung on worries about borrowing costs for data centers and chips. Key numbers: Brent crude gained 1.1% to $114.38 per barrel; U.S. benchmark crude added 1.3% to $100.79. Why it matters: Weakness in tech stocks masked strength elsewhere in the U.S. market, where most stocks rose. Falling Treasury yields signaled investors were buying government bonds in search of safer assets as AI stocks tumbled. Coverage: 4 outlets in 24h

Asian shares were mostly higher Friday, rebounding from early losses, while oil prices hovered at their highest since May on worries about the war with Iran. AI-related stocks swung on worries about borrowing costs for data centers and chips.

Weakness in tech stocks masked strength elsewhere in the U.S. market, where most stocks rose. Falling Treasury yields signaled investors were buying government bonds in search of safer assets as AI stocks tumbled.