Dow Jones Top Markets Headlines at 3 AM ET: Asia Equities Mostly Decline on AI Concerns | U.S. ...

Asia-Pacific equities mostly fell as concerns about artificial intelligence weighed on sentiment, after a pullback in U.S. chip stocks hurt risk appetite. The early-hours market snapshot also covered renewed global policy and trade developments. The U.S. is set to impose a 25% tariff on certain goods from Brazil, following a yearlong investigation by U.S. trade officials. South Korea’s central bank, the Bank of Korea, raised its rate for the first time since 2023, citing inflation linked to the U.S.-Iran conflict. In the U.S., the producer-price index for June fell 0.3% after rising 0.6% in May, and crude oil inventories declined by 1.7 million barrels in a weekly draw. Separately, DTCC began a trial to tokenize stocks and Treasurys with major Wall Street firms.