Gains were further fuelled by Fed chief Kevin Warsh’s speech at the IMF and World Bank meetings in Bangkok, where he described AI as the 'most consequential change' to the global economy in his lifetime. (EPA Images pic)LONDON: Most stock markets bounced Friday after worries about the AI boom sparked heavy selling in recent sessions, with Federal Reserve chairman Kevin Warsh saying the technology offered huge benefits to the global economy.

The Seoul and Tokyo indices closed out the week with healthy gains boosted by chipmakers SK hynix and Kioxia, after they were pummelled Thursday as investors bailed out of the artificial intelligence sector.

European stock markets, which feature far fewer tech giants compared with their Asian and US peers, rose in midday deals.