Across Asia, markets were mixed, with South Korea rebounding 1.8% from last week’s losses amid simmering concerns over excessive investments in artificial intelligence (AI). Taiwan fell 0.6%, while Indonesia tumbled 3.6% following a warning from index provider MSCI that it would downgrade the country from the emerging market basket.
Global Market Today: Asian stocks decline in break from US chip rally
Losses were led by a more than 2% drop in South Korea’s Kospi Index — a bellwether for artificial intelligence investments — as chip heavyweight