US futures, Asian shares slip, tracking Wall Street’s retreat, while oil falls more than $2

U.S. futures and Asian shares skidded Monday and oil prices fell more than $2 a barrel.

In South Korea, the Kospi tumbled 4.6% to 4,982.54 as worries revived over a potential bubble in the craze for artificial intelligence. Samsung Electronics gave up 3.5%, while chip maker SK Hynix sank 5.6%.

The Kospi has been forging records for weeks as major tech companies piggybacked on the AI craze with deals with major players like chip maker Nvidia.

In other dealigns, the price of gold fell 1%...