Asian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent slumping significantly on Monday. Investors await policy decisions from the Fed, Bank of Japan, and Bank of England. Earnings from megacap technology companies are also a key focus this week. Geopolitical developments and oil prices remain significant wild cards for markets.

(Bloomberg) -- Asian equities dropped as renewed concerns over artificial-intelligence spending fueled another selloff in chipmakers. Crude oil extended its decline.

(Bloomberg) -- Asian equities declined as renewed concerns over artificial-intelligence spending fueled another selloff in chipmakers.