Asian markets sell off as AI trades crumble after hot US CPI data
South Korea's KOSPI and Japan's Nikkei futures point to renewed tech weakness, with leveraged ETF flows and AI infrastructure credit risks in focus.
Asian markets experienced a sell-off on Thursday as concerns about rising US consumer price inflation and the potential for further interest rate hikes weighed on stocks. The MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.2%, with South Korea's KOSPI suffering a 5.6% plunge, while the Nikkei 225 fell 1.3%. S&P 500 e-mini futures declined by 0.3%.


