People watch the first sunrise of the year from a pedestrian bridge overlooking the Seoul skyline on January 1, 2024.
Jung Young Jae | AFP | Getty Images
Asia-Pacific markets fell on Thursday as Wall Street investors continued to move away from the tech industry.
Artificial intelligence stocks dragged down the index after the Financial Times reported: oracle’s Leading investor Blue Owl Capital has withdrawn from funding one of its data center projects. AI stock’s stock price fell 5.4%.
Other stocks tied to AI trading, including chipmakers, also fell. broadcomAI darling Nvidiaand advanced micro device.
In Asia, the Bank of Japan begins a two-day meeting and is expected to raise interest rates to 0.75% on Friday, the highest level in 30 years.
Japanese Nikkei Stock Average fell 1.53%, leading the decline in Asia, while TOPIX fell 0.45%. In the benchmark Nikkei Stock Average, SoftBank Group fell by up to 7.25%, ranking among the top decliners. The group has pared some of its losses and was down 3% in recent trading.
Other Japanese tech stocks also fell. Semiconductor manufacturing equipment maker Advantest fell as much as 5%. Rivals Lasertec, Renesas Electronics and Tokyo Electron fell 3% to 4%.
Korean Kospi was down 1.36%, and the small-cap Kosdaq was down 0.64%.
Australia’s S&P/ASX 200 fell 0.3%.
Australian energy giant stock price woodside energy Shares fell 1.84% after the company announced that CEO and managing director Meg O’Neill has stepped down to take on the role of CEO of the British oil and gas giant. blood pressure.
hong kong Hang Seng Index The mainland CSI 300 opened flat, 0.76% lower. Shares of Chinese chipmaker MetaX Integrated Circuits fell as much as 7% after soaring nearly 700% in its market debut in Shanghai on Wednesday. The company raised nearly $600 million in an initial public offering.
All three major U.S. indexes fell overnight, with the S&P 500 down 1.16% and the Nasdaq Composite Index the biggest drop of 1.81%. The Dow Jones Industrial Average fell 0.47%.
Traders are awaiting the release of the US consumer price index for November, scheduled for Thursday morning. This will be the first consumer inflation report released to the public since the government shutdown ended last month. Economists polled by Dow Jones expect headline inflation to rise at a pace of 3.1% from a year ago.
—CNBC’s Lim Hui Jie, Pia Singh, Sean Conlon and Liz Napolitano contributed to this report.
