Asian Stocks Drop as AI Jitters Hit Wall Street, Sparking Global Selloff

• Asian equities retreated from a record high after AI concerns triggered a selloff in US tech stocks.
• The MSCI Asia Pacific Index fell 0.7%, its first drop in six sessions, with losses in Japan and South Korea.
• S&P 500 erased year-to-date gains, while MSCI Asia Pacific Index is up over 12% this year.
• Investors sought safety in Treasuries, pushing yields on the 10-year benchmark to 4.11%.
• US January inflation data and Federal Reserve rate cut expectations remain key market drivers.