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Nvidia slid almost 1%, continuing its declines from Tuesday as heightened fears about the potentially circular nature of the AI industry drew investor skepticism.
Japan’s Nikkei 225 dipped 0.13%, while the broad based Topix gained 0.1%.
South Korea’s Kospi was up marginally, and the small-cap Kosdaq was down 0.14%. However, South Korean defense stocks continued to rise, with major players like Korea Aerospace up 1.93%, and Poongsan 4.88% higher.
Taiwan’s Taiex slipped 0.4%, with heavyweight Taiwan Semiconductor Manufacturing Company down 1.49%. This comes after Bloomberg reported that chip giant Intel is seeking an investment from Apple.
Apple had previously used Intel chips in many of its personal computing devices, but switched to TSMC when it launched its M1 chip in 2020. The report however, said that Apple is unlikely to shift back to Intel chips.
Australia’s S&P/ASX 200 slipped 0.18%.
Hong Kong Hang Seng index futures were at 26,394, lower than the HSI’s last close of 26,518.65. Investors in Hong Kong will be watching Chinese automaker Chery Automobile’s listing later today, although the ceremony will reportedly be canceled due to Super Typhoon Ragasa.
U.S. stock futures were little changed as investors awaited Thursday’s release of weekly jobless claims data, which could influence the Federal Reserve’s monetary policy moves amid increasing concerns about a weakening labor market and rising layoffs.
Overnight in the U.S., the S&P 500 dropped 0.28% to end at 6,637.97, while the Nasdaq Composite pulled back 0.34% to settle at 22,497.86.
The Dow Jones Industrial Average declined 0.37%, to finish at 46,121.28.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
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