Aerial view of vehicles being driven on the road through the central business district in Beijing, China. <\/p>\n
Vcg | Visual China Group | Getty Images<\/p>\n
Asia-Pacific markets fell Monday, after Wall Street declined Friday stateside as investors took a breather from the AI trade. <\/p>\n
“[Friday] is a value-outperforms-growth day,” said Jed Ellerbroek, portfolio manager at Argent Capital Management. “Investors are definitely skittish as it relates to AI \u2014 not outright pessimistic, but just kind of, I think, cautious and nervous and hesitant.”<\/p>\n
Traders in Asia will also look toward key data from China, which will release its retail sales, fixed asset investment and industrial output numbers for November. <\/p>\n
South Korea’s Kospi fell 2.16% while the small-cap Kosdaq was 1.17% lower. Index heavyweights memory chipmaker SK Hynix was down over 4%, while Samsung Electronics declined 3.3%.<\/p>\n
Japan announced its fourth-quarter Tankan numbers. The index for business optimism among large Japanese manufacturers increased to +15 for the fourth quarter, hitting the highest level in four years. <\/p>\n
The latest reading compared to the +14 increase in the previous quarter, and matched expectations of economists polled by Reuters. The non-manufacturing index for the fourth quarter came in at +34.<\/p>\n
The Tankan survey, conducted by the Bank of Japan, measures business sentiment among companies in the world’s fourth largest economy. <\/p>\n","protected":false},"excerpt":{"rendered":"Aerial view of vehicles being driven on the road through the central business district in Beijing, China. Vcg…\n","protected":false},"author":2,"featured_media":340412,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[8073,8072,116,37246,28,122,1051,8070,112,7173,117,6990],"class_list":["post-349154","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-asia-economy","tag-breaking-news-asia","tag-breaking-news-markets","tag-broadcom-inc","tag-business","tag-business-news","tag-economic-events","tag-hang-seng-index","tag-markets","tag-nikkei-225-index","tag-sp-500-index","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/349154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=349154"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/349154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/340412"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=349154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=349154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=349154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}