Bitcoin -9% and Asian Indices Slide as Wall Street Tech Sell-Off Continues

U.S. futures and Asian shares traded lower Friday as Wall Street’s tech-driven sell-off spread globally. The S&P 500 futures were 0.3% lower, and the Dow Jones and Nasdaq composite futures were down 0.2% and 1.6%, respectively. Tech stocks led the decline as concerns grow over ROI on AI investments; Qualcomm fell 8.5%, Alphabet -0.5%, and Amazon -11% after-hours following a $200B AI spending hike. Bitcoin dipped 9% to near $65,000, briefly跌破 $64,000, down from a record above $124,000 in October. Hong Kong’s Hang Seng fell 1.2% to 26,569.14; South Korea’s Kospi -1.7% to 5,076.69 (Samsung Electronics -0.9%, SK Hynix -0.6%); Tokyo’s Nikkei 225 +0.5% to 54,073.52 (SoftBank +1.9%, Tokyo Electron +3.0%); and Taiwan’s Taiex -0.2%. Japan holds its general election Sunday. Gold prices fell 1% to $4,843.70/oz; silver -6.6% to $71.63/oz. U.S. crude gained 35 cents to $63.64/bbl; Brent +36 cents to $67.91/bbl. The dollar weakened to 156.74 JPY from 157.03; the euro rose to $1.1789 from $1.1777.