Asia markets in red: South Korea and Japan lead deep tech selloff; Japan industrial output revised down

What happened: Asian stock indices posted widespread losses on Thursday, tracking an overnight Wall Street downturn. South Korea and Japan led a deep tech selloff, and Japan industrial output was revised down. Why it matters: The declines followed hotter-than-expected U.S. inflation data and persistent volatility in the AI sector. U.S. equity futures extended declines during Asian market hours. Key numbers: Dow futures hovered near flat at +0.04%.

Asian stock indices posted widespread losses on Thursday, tracking an overnight Wall Street downturn. South Korea and Japan led a deep tech selloff, and Japan industrial output was revised down.

The declines followed hotter-than-expected U.S. inflation data and persistent volatility in the AI sector. U.S. equity futures extended declines during Asian market hours. Key numbers: Dow futures hovered near flat at +0.04%.