Asian stocks slip, Wall St and bonds benefit from oil skid

Shares across Asia declined on Monday as unease about the enormous funding AI requires weighed on confidence ahead of a busy week of earnings. Third-quarter figures put China's economic growth at 4.5%, narrowly beating forecasts, which gave a small lift to global growth prospects. Business Recorder noted that Chinese blue chips still dipped 0.2%, though they pared their early losses.

Crude prices dropped after US President Donald Trump chose to suspend part of the sanctions on Russia, though he later said no final decision had been reached. Brent futures slid 1.7% to $107.95 a barrel and US crude lost 0.8% to $100.62, which supported bonds and Wall Street futures. Iran also reported that another tanker had struck a mine in the Strait of Hormuz.

Japan's Nikkei fell 1.2%, South Korea dipped 0.4% and Taiwan dropped 1.4%, with technology concerns weighing on the region. AMP economist My Bui said investors have long doubted that AI revenue will cover heavy upfront spending, while higher bond yields are making borrowing more costly.