Asia-Pacific market fell across the board Tuesday, tracking Wall Street declines 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.
Over in Asia, South Korea’s Kospi led losses in the region for a second straight day, losing 1.78%, while the small-cap Kosdaq plunged 2.12%.
Shares of Korea Zinc plunged as much as 11.24% after the company reportedly agreed to sell $1.9 billion of shares to a joint venture controlled by the U.S. government and unnamed U.S.-based strategic investors, according to Reuters….Readmore