Aerial view of downtown Seoul cityscape with vehicles and bridges on the highway crossing the Han River in Seoul, South Korea.
Mongkol Joo Won | Moment | Getty Images
Asia-Pacific markets fell across the board on Tuesday, following Wall Street’s decline as investors continued to flee US artificial intelligence trading.
The AI share will be: oracle and broadcomwhich fell more than 5% and 2%, respectively. microsoft There were also losses.
In Asia, Korean Kospi fell 2.24% to close at 3,999.13, leading the decline in Asia, while the small-cap Kosdaq fell 2.42% to 916.11. This is the first time in almost two weeks that the Kospi has fallen below the 4,000 mark.
Korea Zinc shares fell about 14% after the company reportedly agreed to sell $1.9 billion worth of shares to a joint venture controlled by the U.S. government and an unnamed U.S.-based strategic investor, according to Reuters.
Late Monday, medical treatment company ADEL signed a drug development deal worth up to $1.04 billion with French pharmaceutical giant Sanofi, the South Korea-based company said.
hong kong Hang Seng Index Stocks related to basic teaching materials and education were weighed down, dropping 1.54% to end at 25,235.41. Mainland China’s CSI300 index fell 1.2% to end at 4,497.55, its lowest since Nov. 25.
Japanese Nikkei Stock Average The index fell 1.56% to close at 49,383.29, led by financial and energy stocks, while the TOPIX fell 1.78% to 3,370.5. Japan’s preliminary comprehensive PMI for December was 51.5, indicating a moderate expansion compared to 52 the previous month.
Australia’s S&P/ASX 200 fell 0.42%, reversing earlier gains to close at 8,598.9.
According to S&P Global’s preliminary Purchasing Managers Index, the expansion of business activity slowed in Australia in December, with the composite PMI falling to 51.1 from 52.6 in November.
