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Asia-Pacific markets traded mixed on Wednesday, tracking losses on Wall Street as concerns about artificial intelligence valuations continued to weigh on tech stocks.
Japanese benchmark Nikkei Stock Average The index reversed and rose 0.5%, and the TOPIX index rose 0.55%.
The technology sector dragged down the Nikkei Stock Average in early trading, with semiconductor testing equipment maker Advantest falling more than 4% and ending with a 1.4% decline. Semiconductor company Renesas is trading 4.4% lower.
South Korea’s Kospi index fell 0.67%, and the small-cap Kosdaq fell 1.02%. Major stocks in the index, Samsung Electronics and SK Hynix, fell 2.25% and 2.46%, respectively.
Australia’s ASX/S&P 200 rose 0.11%.
hong kong Hang Seng Index It rose by 0.19%, and the mainland’s CSI300 rose by 0.4%. Chinese stocks listed in Hong Kong tech company xiaomiBut shares fell more than 4% on Tuesday after the company warned of higher smartphone prices in 2026 on the back of rising costs for memory chips to meet surging demand for AI.
U.S. stock futures were little changed early in Asian hours after major indexes fell on Tuesday.
Overnight, the Dow Jones Industrial Average fell 498.50 points, or 1.07%, to settle at 46,091.74. The S&P 500 fell 0.83% to close at 6,617.32. The index suffered its fourth consecutive loss, the longest decline since August. The Nasdaq Composite Index fell 1.21% to end at 22,432.85.
In this session, the Dow Jones Industrial Average also fell for the fourth day in a row, and the tech-heavy Nasdaq Composite Index recorded its fifth negative day of six trading sessions.
Bitcoin briefly fell below $90,000, showing signs that investors are taking less risk.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
