Asia Stocks Plunge as Tech, Silver Rout Deepens; Nasdaq Suffers Worst 3-Day Drop Since April

• Global stocks, including Asian shares, extended their decline following heavy losses in US tech stocks and cryptocurrencies, impacting risk appetite.
• Silver plummeted up to 10% on Friday after a 20% drop in the prior session, while gold also fell, and Bitcoin traded around $63,000 after a plunge.
• Amazon.com Inc. shares fell 10% after announcing plans to spend $200 billion on AI, contributing to fears of further tech sector losses.
• The Nasdaq 100 experienced its worst three-day rout since April, with over $1 trillion wiped out from the tech-heavy Nasdaq since the Federal Reserve signaled reluctance to lower rates.
• Weak US job figures, including the lowest monthly job openings since 2020 and a rise in jobless claims, further exacerbated the downbeat market sentiment.