Market watch: Asia stocks slide as risk-off mood deepens; oil extends weekly losses

Asian equities tumbled Friday, led by tech stocks, as renewed fears of an AI bubble and ambiguous US jobs data spooked investors. Despite Nvidia's strong earnings, markets across Tokyo, Hong Kong, and Seoul saw significant drops, with chipmakers bearing the brunt of the sell-off. This downturn followed a Wall Street reversal, as investors reassessed the Federal Reserve's rate path.