Global Market: South Korean shares slip nearly 2% as AI spending worries overshadow softer inflation

South Korean equities reversed sharp early gains to trade nearly 2% lower on Tuesday, as renewed concerns over artificial intelligence-related spending and continued selling in heavyweight chipmakers outweighed relief from weaker-than-expected inflation data, Reuters reported.

The benchmark KOSPI was down 119.25 points, or 1.9%, at 6,138.20 as of 0043 GMT, after climbing as much as 2.1% earlier in the session. The decline followed a drop of more than 5% in the previous trading session.