Asian stocks slip as tech fears surge and oil lifts yields, shrinking Fed rate cut hopes

AI investors brace for earnings that could reset sentiment

Asian stocks opened lower as a Wall Street tech selloff spilled over, fueled by worries that AI spending may not deliver quick returns ahead of major earnings. Rising Treasury yields, boosted by firmer oil prices, are stoking inflation expectations and trimming expectations for Fed rate cuts. With the global rally wobbling, technology earnings now hold the spotlight.