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Asian markets traded lower on Tuesday following overnight losses on Wall Street amid sell-off in technology stocks. Concerns over the emergence of a low-cost Chinese generative AI model DeepSeek fuelled selling in tech stocks globally.
Japan’s Nikkei 225 declined 0.67% while the Topix dropped 0.36%. Hong Kong’s Hang Seng index futures indicated a higher opening.
Several Asian markets, including Taiwan, South Korean and Chinese markets, are closed for the Lunar New Year holiday.
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