Asian markets fall while Wall Street tech stocks recover

Mettis Global reported that Asian equity markets declined on Tuesday, moving against a rebound on Wall Street. Japan's Nikkei 225 fell 0.79% and the broader Topix index eased 0.56%. South Korea's Kospi dropped 2.31% while the Kosdaq lost 1.03%.

Australia's S&P/ASX 200 was trading 0.6% lower and Hong Kong's Hang Seng Index shed 1.11%. Mainland China's CSI 300 slipped 0.58%. The falls came even as US technology shares recovered part of last week's sell-off, which had raised worries about heavy borrowing for artificial intelligence infrastructure, according to CNBC.

CoreWeave, which had fallen more than 25% in the previous week, tried to rebound after Goldman Sachs upgraded it to Buy, but the gains did not last and the shares closed slightly lower. Investors also face a busy earnings week with about 70 S&P 500 companies due to report, including United Airlines after the closing bell and General Motors before the open. The report also noted that US housing starts and pending home sales figures were due on Tuesday.