Asian Stocks Tumble as US Tech Selloff Spreads; Bitcoin Falls

• Asian stocks, including Japanese and Australian equities, dropped following a tech-led selloff in US markets.
• US benchmarks S&P 500 and Nasdaq 100 fell due to a drawdown in software makers; Advanced Micro Devices Inc. gave a disappointing sales forecast.
• Despite tech losses, FedEx Corp. and Walmart Inc. saw gains, indicating a rotation into economically sensitive industries.
• Investors are shifting from AI-dominated megacaps to broader market participation, with value shares outperforming growth.
• Bitcoin extended its four-month slide, with investor Michael Burry warning of potential massive value destruction.

Why It Matters: Asian markets mirrored a US tech selloff, signaling a broader market rotation away from AI megacaps.