Asia stocks tumble as KOSPI extends losses; AI shares drag regional markets By Investing.com
• Asian stock markets tumbled, with the KOSPI extending losses and the Shanghai Shenzhen CSI 300 and Shanghai Composite falling 0.6% and 0.5% respectively. • AI-related shares dragged down regional markets, though Hong Kong's Hang Seng rose 0.1% as Alibaba surged over 5% following the launch of a new flagship AI model. • Energy producers faced pressure from falling crude prices after President Donald Trump announced that negotiations regarding the Strait of Hormuz would begin on Monday.
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