Asian stocks fell on Friday after the Nasdaq dropped more than 2%, driven by doubts over how the artificial intelligence boom will be funded. Meta Platforms shares slid about 8% after the company reported its first cash outflow in more than a decade, prompting heavy demand for sovereign bonds and safe-haven currencies. US 10-year Treasury securities recorded their biggest single-day rally in more than three years, while the yield fell 19 basis points to approximately 4.96%. Investors scaled back their Federal Reserve rate-hike expectations, lowering the implied probability of a December increase to 85% and removing almost a quarter-point of tightening from next year’s pricing, as Brent crude reached $110 to $113 per barrel.
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