India, Nov. 6 -- Asian and European stocks were hard hit on Friday, after Wall Street lost $2.5 trillion in market value over AI fears. Meanwhile, President Trump suggested more guardrails to be placed on leading AI companies.

Asian shares finished heavily down on Friday, while European shares are trading in the red.

Oil prices fell on hopes of deescalation of the Middle East conflict. Brent crude futures dropped 1.3 percent to around $97 a barrel.

Gold prices traded lower. Spot gold dipped 0.3 percent to $4,075 an ounce. U.S. gold futures were down 0.8 percent at $4,083 an ounce.

Early signs from the U.S. Futures Index suggest that Wall Street might open broadly up.

As of 7.55 am ET, the Dow futures were up 238.00 points, the S&P 500 ...