ASIAN STOCKS SLIP , WALL STREET AND BONDS BENEFIT FROM OIL DIP

What happened: Asian shares mostly slipped as unease over AI funding needs weighed on tech, while a dip in oil supported Wall Street futures and bonds. Key numbers: MSCI Asia-Pacific ex-Japan index -0.2%; Nikkei -0.7%; Taiwan -1.1%; South Korea +0.6%; Jakarta -5%; Brent -1.8% to US$107.83; US crude -1.2% to US$100.20; 10-year Treasury yields -4bp at 5.0525%; S&P 500 Why it matters: AMP's My Bui said rising bond yields and wider credit spreads raise financing costs, making it harder to sustain the AI infrastructure buildout. Earnings from Meta, Tesla and chip firms this week are in focus.

Asian shares mostly slipped as unease over AI funding needs weighed on tech, while a dip in oil supported Wall Street futures and bonds.

AMP's My Bui said rising bond yields and wider credit spreads raise financing costs, making it harder to sustain the AI infrastructure buildout. Earnings from Meta, Tesla and chip firms this week are in focus.