Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, with tech-heavy markets of South Korea and Japan leading the losses in the region on tumbling artificial intelligence-related stocks amid concerns about an AI bubble burst. Asian markets ended mostly higher on Thursday.
Negative sentiment may also have been generated in reaction to a report from global outplacement firm Challenger, Gray & Christmas showing a sharp increase in layoff announcements in the month of October.
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