Asian stocks follow US selloff; HSBC chief also calls out risks of decentralized finance
Wiring at a Microsoft data center in the U.S.: Global companies are projected to invest $7 trillion in data centers for AI by 2030. © Reuters
LORRETTA CHEN and PEGGY YE
November 5, 2025 11:52 JST
HONG KONG — Global financial executives attending a Hong Kong financial summit this week warned about misallocations of capital and “irrational exuberance” in data center investments for artificial intelligence, adding to bubble concerns that are now rocking global markets.