Australia, Victoria, Melbourne, buildings on bank of Yarra river
Peter Adams | Stone | Getty Images
Asia-Pacific markets were set to open mixed Tuesday, after Wall Street declined as investors continued to rotate out of the artificial intelligence trade in the U.S.
Shares of AI plays, like Oracle and Broadcom, slipped more than 5% and 2% respectively, while Microsoft also saw some losses.
Over in Asia, Australia’s S&P/ASX 200 started the day up 0.11%.
Flash purchasing managers index numbers from S&P Global showed that business activity expanded at a slower pace in Australia in December, with the composite PMI falling to 51.1 from November’s 52.6.
Japan’s Nikkei 225 was set to open flat, with the futures contract in Chicago at 50,190 and its counterpart in Osaka at 50,030 compared to the previous close of 50,168.11. Japan will also see PMI numbers out later in the day.
Hong Kong’s Hang Seng index futures were at 25,574, lower than the HSI’s last close of 25,628.88.
