<h1>Global stocks slide as AI bubble fears, delayed Fed cuts and Japan stimulus fuel bond, currency turmoil</h1> Global equity markets declined, mirroring sharp Wall Street losses, amid concerns over an AI-related asset bubble and expectations that the US Federal Reserve may delay interest rate cuts following strong jobs data. Japan approved a ¥21.3 trillion stimulus package, increasing fiscal spending and raising concerns over delayed debt reduction, pressuring the yen and government bonds as 30-year yields hit record highs. Trade data showed Japan's exports to the US fell due to higher US tariffs, partially offset by stronger exports to other Asian markets. Regional tensions and escalating friction between China and Japan over Taiwan added geopolitical risk, contributing to sharp declines across Asian indices and technology shares.