Asia-Pacific markets set to open lower, tracking Wall Street losses as AI stocks extend slump

Market Overview - Asia-Pacific markets opened lower, influenced by declines in Wall Street due to concerns over high valuations in artificial intelligence stocks [1][2] - Major AI companies such as Nvidia, Microsoft, Palantir Technologies, Broadcom, and Advanced Micro Devices experienced significant share price declines [2] Regional Index Performance - Japan's Nikkei 225 index fell by 1.38% at the open, with AI-related stocks like SoftBank down nearly 8% and semiconductor companies like Advantest and Renesas Electronics also experiencing losses [3] - The Topix index decreased by 0.5%, while South Korea's Kospi and Kosdaq indices declined by 0.46% and 0.92% respectively [3] - Australia's S&P/ASX 200 index saw a decrease of 0.27% [3] Economic Indicators - Investors are anticipating China's October trade data, with expectations of a slowdown in exports to 3% year-on-year from 8.3% in September, and imports expected to fall to 3.2% from 7.4% [4] - The decline in trade figures is attributed to weak domestic demand, a prolonged housing slump, rising job insecurity, and the tapering of consumption-focused stimulus measures [4] Hong Kong Market Futures - Futures for Hong Kong's Hang Seng Index indicated a lower opening, trading at 26,436 compared to the previous close of 26,485.9 [5]