Dow Jones Top Markets Headlines at 3 AM ET: Asia Equities Slide as Doubts Over AI Spending Grow | Iran ...

Asian equities fell Tuesday, with South Korea leading the losses as concerns grew about spending tied to the artificial-intelligence boom. The headlines also covered efforts by Iran and Oman to reach an agreement on the Strait of Hormuz, aiming to restart peace talks by reopening the route. In central banking news, Kevin Warsh was set to bring a new debate at the Fed, while the Bank of Japan was expected to pause as it assessed the impact of a June rate increase to the highest level in three decades. Other items included Panama Canal capacity cuts and chip stocks hitting China roadblocks.