LatAm pre-open: investors fled pricey AI tech for value, lifting Brazil +0.68% and Argentina while chip-heavy Korea tumbled — the region barely flinched.

Asian stocks fell as the AI rally cooled, oil prices surged on Middle East tensions, and stronger US jobs data fueled interest rate concerns.

Korea's chip-heavy KOSPI, the world's best-performing market this year, led losses in Asia with a 5% slide