Asian stocks retreat as investors await key results from AI bellwether companies

The tech index in Hong Kong slipped 52 points, or nearly 1.3 percent, to 4,055, dragged lower by technology stocks.

Chipmakers in Seoul dropped on concerns over AI investment, before slipping down further.

Meta is one of five AI hyperscalers expected to increase combined capital expenditure to about US$1.2 trillion next year, according to Goldman Sachs.