The rift between President Donald Trump and Tesla chief Elon Musk has captivated the world as a political drama, but it has also become a Wall Street spectacle, highlighting the risk to equity markets from the world's biggest stocks.

In a separate post respo nding to Trump’s remarks that Musk is very familiar with the bill’s details, the Tesla CEO said:"False, this bill was never shown to me even o nce and was passed in the dead of night so fast that almost no one in Co ngress could even read it!"

Asian markets wavered Friday after a sharp selloff in Tesla shares, triggered by a feud between Donald Trump and Elon Musk, rattled global sentiment. While most Asian indexes declined, Japan's Nikkei bucked the trend with modest gains driven by strong local earnings.