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Asian markets dip as investors weigh tech earnings , Gulf tensions

Asian stocks struggled early Thursday as optimism from tech earnings faded quickly amid lingering AI concerns and uncertainty in the Gulf. MSCI's Asia-Pacific index excluding Japan fell 0.2%, on track for a fourth straight weekly decline, while Japan's Nikkei slipped 0.4% and Korean shares dropped more than 1%. Overnight, the Nasdaq rose after better-than-expected results from Space X and Meta, but Meta's plan to issue non-voting Class C stock drew renewed scrutiny on AI spending. Brent crude rose 1.1% to $110.03 a barrel, near a five-month high, after the US ordered diplomats to leave Saudi Arabia amid Houthi strikes.

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