Global Markets Shake as Tech Stocks Dive Amid AI Spending Concerns

Asian shares drop due to tech sector concerns amid AI expenditure, with geopolitical tensions influencing commodities like oil and silver. European central banks are expected to keep rates steady, while a potential rate hike looms in Japan. Nasdaq and S&P futures show gains, contrasting Wall Street's tech selloff impact.

Tech stocks took a hit, leading to a decline in Asian shares as investor anxiety over AI spending surged. Central bank meetings worldwide are set to highlight global policy divergences, while geopolitical tensions continue to affect commodities markets.

Oil prices have bounced back following President Trump's orders to halt sanctioned oil tankers in Venezuela, pushing silver to new records alongside key fluctuations in sterling stemming from UK inflation drops. The European Central Bank and others are set to deliver policy decisions soon, with steady rates anticipated.

In the U.S., Nasdaq and S&P 500 futures climbed, despite Wall Street's tech-led losses, with investor apprehension surrounding AI spending increasing. Watchful eyes are set on an upcoming U.S. inflation report. Gold and silver prices dip as the commodities market remains volatile.

(With inputs from agencies.)