Markets in Australia started the day higher, while futures data for Japan and Hong Kong indexes indicate some pessimism.
Asia-Pacific markets were set to open mixed Tuesday, after Wall Street declined as investors continued to rotate out of the artificial intelligence trade in the U.S.
Shares of AI plays, like Oracle
and Broadcom
, slipped more than 5% and 2% respectively, while Microsoft
also saw some losses.
Asia Pacific markets are mostly set to fall Wednesday, tracking declines from Wall Street.
Overnight, Wall Street declined as concerns about artificial intelligence valuations continued to pressure tech stocks.
Investors in Asia will look to trade data coming out of China later in the day.
Overnight, shares of artificial intelligence player Oracle boosted major U.S. averages after Deutsche Bank reaffirmed its bullish…
Investors in Asia will watch out for AI-related plays in the region, as well as inflation reading out of Singapore.
Asia-Pacific markets are set to open higher, tracking Wall Street gains after after investors' concerns around AI disruption to…
