Asian markets trade mostly lower in early deals on Tuesday, saddled by the sharp selloffs in technological and energy sector stocks. Samsung Electronics tumbled about 8.9%, triggering a semiconductor sell-off amid global AI bubble fears and intensifying Chinese competition. Investor sentiment was further dampened as crude oil surged past $105 a barrel following Houthi strikes on Saudi aviation infrastructure, which reignited global inflation concerns. South Korea's KOSPI led the regional decline, heavily impacted by massive foreign capital flight targeting tech giants like Samsung and SK Hynix.
Nikkei tumbled by 1,315.92 points or 1.91% to 67,715.00, Hang Seng down by 12.20 points or 0.05% to 24,259.00, KOSPI Index slipped by 336.97 points or 5.28% to 6,047.27, Taiwan Weighted plunged by 918.08 points or 1.86% to 48,383.88, and Jakarta Composite declined by 24.69 points or 0.42% to 5,911.46, and
On the flipside, Straits Times rose by 21.06 points or 0.39% to 5,436.54, Shanghai Composite up by 19.71 points or 0.52% to 3,816.95, and FTSE Bursa Malaysia KLCI index added by 2.39 points or 0.15% to 1,620.40.
