Asia-Pacific markets opened mostly lower as AI sell-off on Wall Street continues

Asia-Pacific markets opened mostly lower on Tuesday, following Wall Street’s slide as investors continued to pull out of U.S. AI trading

Shares of AI games, e.g. Seer And broadcomlost more than 5% and 2%, respectively. Microsoft There were also some losses.

In Asia, Australia’s S&P/ASX 200 index started the day with a 0.13% increase.

Flash purchasing managers index numbers from S&P Global It showed business activity in Australia grew at a slower pace in December, with the composite PMI falling to 51.1 from 52.6 in November.

of japan Nikkei 225 It fell 0.94%, driven by basic materials and real estate stocks, while Topix fell 0.96%. Japan’s flash composite PMI It also showed a softer expansion in December, reaching 51.5 compared to 52 in the previous month.

South Korea’s Kospi index continued to fall for the second consecutive day, opening with a 1.13% drop, while the small-cap Kosdaq opened with a 1.8% loss.

Shares of Korea Zinc fell as much as 11.24% after the company agreed to sell $1.9 billion worth of shares to a joint venture controlled by the U.S. government and unnamed U.S.-based strategic investors, according to Reuters.

Medical treatment company ADEL signed a drug development agreement worth up to 1.04 billion dollars with French pharmaceutical giant Sanofi, late Monday, according to the South Korea-based company.

of hong kong Hang Seng index Futures settled at 25,574, below HSI’s last close of 25,628.88.