Asian markets retreat, with Korean shares slumping despite an AI-led rebound on Wall St

HSBC drops ‘overweight’ call on EM equities on AI spending fears

July 8 (Reuters) - HSBC closed its "overweight" stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that ​renewed concerns over weaker AI spending could ‌disproportionately weigh on EM Asian markets. EM Asi...

S.Korea's KOSPI tumbles nearly 5% as chipmakers slump on AI worries

Asian markets retreat, with Korean shares slumping despite an AI-led rebound on Wall St

BANGKOK (AP) — Asian shares retreated Tuesday, with South Korea’s Kospi sinking almost 5% despite a rebound for AI stocks that lifted benchmarks on Wall Street. Oil prices rose and U.S. futures were mixed. In Seoul, the Kospi dropped as much as 8% but recovered some losses to close 4.9% lower at 7,656.31. Shares in […]

World markets are mixed while Korean shares slump despite an AI-led rebound on Wall St

BANGKOK (AP) — World shares and U.S. futures were mixed on Tuesday following a rebound for AI stocks that lifted benchmarks on Wall Street.