A drone shot of the Tokyo skyline with the Tokyo Skytree visible in Tokyo, Japan at sunrise.
Ponnati Kuruaison | Moments | Getty Images
Asia-Pacific markets were mostly lower on Tuesday as tech stocks continued to fall on Wall Street on concerns about an AI bubble.
Nvidia shares fell more than 1% in the U.S. on Monday, clawing back some of last week’s more than 5% gain. Like Oracle, Palantir Technologies and Meta Platforms also suffered losses.
Japanese Nikkei Stock Average fell by 0.18%, and the comprehensive TOPIX fell by 0.17%.
shares of SoftBank Group Corp. Shares fell more than 2%, paring some losses, after the company late Monday announced a deal to buy data center investment firm Digital Bridge for $4 billion as part of its artificial intelligence push.
SoftBank CEO and Chairman Masayoshi Son said the acquisition “strengthens the foundation for next-generation AI data centers” and advances the company’s vision to become a leading “artificial intelligence” platform provider. Following this announcement, Digital Bridge’s stock price rose approximately 10%.
Korean Kospi It reversed losses to rise 0.1%, while the small-cap Kosdaq fell 1.02%.
hong kong Hang Seng Index Mainland China’s CSI 300 index fell 0.42%, but started with modest gains.
Investors will keep an eye on China’s military exercises around Taiwan after the world’s second-largest economy announced on Monday that it would conduct new exercises near the island.
of Taiwan weighted index Includes major technology names such as , which fell 0.66%. Taiwan semiconductor manufacturing company and Hon Hai They fell about 1% and 0.65%, respectively.
Australia’s S&P/ASX 200 was flat after posting gains earlier in the day.
US futures were little changed in the first half of Asian trading.
Overnight in the US, the S&P 500 fell 0.35% and the Nasdaq Composite fell 0.50%. The Dow Jones Industrial Average fell 0.51%.
Traders are keeping an eye on home price statistics to be released at 9 a.m. ET on Tuesday, and minutes from the Federal Reserve’s December meeting to be released at 2 p.m. ET.
—CNBC’s Sean Conlon and Fred Imbert contributed to this report.
