LONDON/SINGAPORE (REUTERS)

World stocks were facing a second straight day of falls on Thursday as a glitch in the ​AI rally dampened the mood, while oil prices eased after Israel and Lebanon agreed a ceasefire.

Europe's bourses got off to a steady start as both crude and bond yields dipped, but Wall Street futures were pointing lower again and it ⁠had been a difficult session in Asia due to weakness in tech stocks.

Korea's stock market had fallen as much ​as 2.6%, while Japan's Nikkei 225, Hong Kong and Taiwan all ended between 1.4% and 1.7% lower following ​a 13% plunge ‌in chipmaker Broadcom's shares in extended US trading on Wednesday.

Not only had ⁠the firm's ​second-quarter revenue numbers missed expectations, but it left its long-range sales forecast unchanged, disappointing traders, who viewed it as a rare sign that a major AI chipmaker may be losing steam.

Brent crude prices were almost 1% lower at $97 a barrel after Lebanon and Israel agreed a ceasefire.

In the currency markets, the yen edged ‌up to 159.9 per dollar, opening up a little bit ​of breathing room from the key 160 threshold viewed as the Bank of Japan's trigger point for FX intervention.

Chief Cabinet Secretary Minoru Kihara had said in Tokyo that he expects the central bank to coordinate its moves with the government after BOJ Governor Kazuo Ueda had given fresh hints that an interest rate hike is ​on the cards this month.

The US dollar index, which ‌measures ⁠the greenback's strength against a basket ‌of six currencies, was broadly steady near a two-month high at ‌99.45 after better-than-expected US ISM services sector PMI data on Wednesday.

Businesses preemptively placed orders and rebuilt inventories, the figures had showed, in anticipation of shortages and higher prices in the wake ⁠of the Iran war.

Bond markets saw US 10-year Treasury yields steady at 4.489%, while Germany's Bund yield was down 1.5 basis points at 3.02% ahead of an expected ECB rate hike next week.

The Aussie dollar and gold got a brief lift too after a rebound in ​resource exports helped swing Australia's trade balance back into the black, although bitcoin fell 2.4% to below $64,000, ​having now lost almost 25% in recent weeks.