Investors in Asia will look to trade data coming out of China later in the day.
Asia-Pacific markets were set to open lower Friday, tracking Wall Street declines on persistent concerns over lofty valuations in artificial intelligence stocks.
Shares of major AI companies fell Thursday stateside, weighing down on the broader U.S. market. The biggest declines were from Nvidia
, Microsoft
, Palantir Technologies
, Broadcom
Asia Pacific markets are mostly set to fall Wednesday, tracking declines from Wall Street.
Markets in Australia started the day higher, while futures data for Japan and Hong Kong indexes indicate some pessimism.
This is due to the release of AI tools that could replicate their businesses — or at least eat away at their profit margins.
Overnight, Wall Street declined as concerns about artificial intelligence valuations continued to pressure tech stocks.
Asia-Pacific markets were set for declines on Tuesday, trailing declines on Wall Street.
Investors will be watching for any spillover to the region's tech heavyweights, as well as key economic data out of Japan.
