South Korea stocks lead losses in Asia-Pacific as investors parse key data from China
China will release its November retail sales, fixed asset investment and industrial output numbers.
TL;DR
- Asia-Pacific markets fell, mirroring a decline in Wall Street as investors became cautious about the AI trade.
- China's November retail sales and industrial production figures were weaker than anticipated.
- Japan's Tankan survey indicated the highest business optimism among large manufacturers in four years.
- South Korea's Kospi index declined, with major tech stocks like SK Hynix and Samsung Electronics seeing losses.
- Australia's S&P/ASX 200 fell amid news of a significant gun attack.
- AI-related stocks, including Broadcom, AMD, Palantir Technologies, and Micron, faced pressure on Wall Street.