Across Asia, markets were mixed as technology stocks remained under pressure following last week’s Wall Street selloff, fuelled by concerns over heavy AI-related spending. Japan’s Nikkei fell as Kioxia shares tumbled, while South Korean stocks recovered on robust export data. Chinese equities gained on reports of possible regulatory support for capital markets, even as concerns over state-backed conglomerate Huafa weighed on bond funds. Oil prices declined amid reports of efforts to revive US-Iran negotiations, though fresh threats from Donald Trump kept geopolitical uncertainty alive.
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