Global Market Today: Asian stocks fall on AI jitters, oil extends drop

Asian markets declined sharply with the MSCI Asia Pacific Index down 1.2 percent, led by a 5.6 percent slide in South Korea's Kospi and a 1.3 percent fall in Japan's Nikkei as semiconductor and AI-related stocks sold off. US crude dropped below 82 dollars a barrel after Brent fell the most in over three months amid eased US-Iran tensions, while bond yields declined ahead of the Federal Reserve policy decision. Traders are also watching a packed week of megacap technology earnings and AI capex concerns that triggered a selloff in Alphabet last week.