The slips in Asian markets tracked Wall Street, which closed on Tuesday with all three major indices down. The S&P 500 fell 0.42%, the Dow Jones Industrial Average dropped 0.18%, and the Nasdaq Composite lost 1.19%. The dollar reversed losses overnight and was trading flat in Asia. The dollar index, which measures the safe-haven greenback against six major peers, was down 0.009% at $106.330.
US Stock: S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount
Indian markets mirrored global trends as major indices, including the Nasdaq and S&P 500, closed at over a week’s low on Tuesday. Semiconductor stocks experienced