Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea.<\/p>\n
Mongkol Chuewong | Moment | Getty Images<\/p>\n
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.<\/p>\n
Shares of AI plays, like Oracle<\/a> and Broadcom<\/a>, slipped more than 5% and 2% respectively, while Microsoft<\/a> also saw some losses.<\/p>\n Over in Asia, South Korea’s Kospi<\/a> led losses in the region for a second straight day, losing 1.78%, while the small-cap Kosdaq plunged 2.12%. <\/p>\n 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.<\/p>\n Medical treatment company ADEL signed a drug development deal with French pharma giant Sanofi worth up to $1.04 billion, according to the South Korean-based company late Monday.<\/a><\/p>\n Japan’s Nikkei 225<\/a> fell 1.27%, dragged by basic materials and real estate stocks, while the Topix dropped 1.32%. Japan’s flash composite PMI<\/a> indicated a softer expansion in December, coming in at 51.5 compared to the previous month’s 52.<\/p>\n Hong Kong’s Hang Seng index<\/a> slipped 1.47%, weighed down by basic materials and energy stocks, while the mainland Chinese CSI 300 was down 0.92%.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a> lost 0.29%, reversing earlier gains. <\/p>\n