BEIJING, Oct 8 — Asian stocks ended mostly lower on Thursday as technology stocks retreated on concerns over a surge in corporate debt linked to artificial intelligence, reported German Press Agency (dpa).
Concerns over rising bond yields and the outlook for monetary policy also weighed on markets as oil prices remained elevated in the wake of supply disruptions linked to the Iran conflict and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia.
Gold edged up 0.3 per cent to US$4,124 an ounce as the dollar pulled back from an 18-month high in subdued trading.
Brent crude prices jumped nearly four per cent towards US$104 a barrel, reversing losses from the previous session after reports suggested that the White House had asked the Pentagon to develop options to strike Iran before the midterm elections, but no final decision had been made.
