October 13, 2026 10:16 AM
Asian stocks dive on AI jitters ahead of US bank earnings
Asian stocks fell sharply on Tuesday as investors fretted about the durability of the rally in AI shares and increased competition while a widening conflict in the Middle East soured risk sentiment ahead of the tone-setting US earnings season. Investors have ridden the AI wave in the past four years as the massive spending powered corporate profits and economic growth, although worries over concentration risks and whether a payoff from the expenditure will come soon enough have weighed. On Tue...