markets

Asia stocks muted after bruising tech selloff; S. Korea recovers in choppy trade

Stocks in Asia rose in early trading after a global tech-led selloff on Tuesday that renewed concerns that the artificial intelligence-driven equity rally may have run too far. Bloomberg's Anthony Stephens has the latest. (Source: Bloomberg)

Stocks in Asia looked poised to extend Tuesday’s losses after a bruising Wall Street tech-led selloff deepened concerns that the artificial intelligence-driven equity rally may have run too far.

Alphabet will replace Verizon in the Dow Jones Industrial Average.

Stocks in Asia were poised to extend Tuesday’s losses after a bruising Wall Street tech-led selloff deepened concerns that the AI-driven equity rally has run too far.

Zcash miner Fortitude Mining, a DCG subsidiary, wants to merge with a small-cap Nasdaq stock, HeartSciences Inc.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

The action on Wall Street looks far more constructive than it appeared at the crack of dawn.

As data centers drive record demand, utilities like NextEra are using 10% profit margins on infrastructure investment to justify billion-dollar buildouts.

The all-stock deal gives Fortitude a Nasdaq listing while HeartSciences retains its healthcare business and existing shareholders keep a minority stake.