A slump in technology stocks snowballed into Asia as mounting anxiety over frothy valuations and massive AI spending drove investors to trim exposure.

Wall Street's fears around artificial intelligence-driven disruption affecting software companies have made their way into Asia.

As much as $800bn wiped off software-heavy Nasdaq index in New York as traders mount firesale

In Asia, investors will keep an eye on tech and tech related stocks in the region to watch for any spillover.

The chaos is mostly a tech-stock phenomenon. The equal-weight S&P 500 is actually at a record high.

A slump in technology stocks snowballed into Asia as mounting anxiety over frothy valuations and massive AI spending drove investors to trim exposure.

Thursday night's action followed a rough day on Wall Street, with the market once again bogged down by technology stocks.

Australia has already opened weaker, while Japan could go either way based off futures data.