The Hang Seng dropped by 1.8% when markets opened, the Tech Index fell by 3.1% and the mainland’s CSI 300 Index slipped 3.1%.

Asian stocks fell as the AI rally cooled, oil prices surged on Middle East tensions, and stronger US jobs data fueled interest rate concerns.

The Hang Seng dropped by 1.8% when markets opened, the Tech Index fell by 3.1% and the mainland’s CSI 300 Index slipped 3.1%.