Asia Equities Decline as AI Mania Fades

Business and finance news from the Asia-Pacific. Asian stocks declined along with US equity-index futures as enthusiasm for the artificial intelligence trade cooled after driving markets to record highs this year. Stocks are pulling back from record highs as Broadcom Inc.'s outlook for AI-chip sales fell short of elevated expectations, pausing a blistering advance in semiconductor shares from their war-driven lows. Investors now face a crucial test on Friday with the US jobs report, which could reshape expectations for Federal Reserve policy and determine whether the AI-fueled rally broadens further or loses momentum. We speak to Winnie Hsu, Bloomberg's Asia Equities Reporter. And for more analysis on the markets, Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to George Boubouras, Head of Research and Managing Director at K2 Asset Management.See omnystudio.com/listener for privacy information.