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Asian stocks drop as Meta warns of rising AI costs; Nikkei falls
short by System User / on Thursday, 31 October, 2024
Asian stocks slid on Thursday as chip-sector stocks followed the overnight declines of Wall Street peers, and Facebook owner Meta Platforms warned of rising costs for artificial intelligence. More mega-cap tech earnings are expected later in the day from Apple and Amazon. Japan's Nikkei share average fell 0.5% as of 01:55 GMT, while South Korea's Kospi dropped 1.3%.