Asian Shares Extend Losses For Second Day As Tech Selloff Continues

Asian stocks fell for a second straight session on Friday amid growing questions about sky-high artificial intelligence-driven valuations.

Additionally, Netflix forecast a second consecutive quarter of slowing sales growth and SpaceX aborted Flight 13 of its giant Starship rocket at the last minute, contributing to investor anxiety ahead of the weekend.

With the chip trade getting hit hard, traders now await earnings results from prominent U.S. tech companies, including Alphabet, Amazon, Microsoft and Meta Platforms next week for further direction.