Emerging Asia Stocks Waver as AI Selloff Bites, Seoul Hits Record High

ASIAN MARKET - TOKYO. Equities in emerging Asian markets were tentative on Wednesday as investors pulled back from heavyweight AI stocks, although South Korean shares touched a record high on the back of gains in auto and battery makers. 

The MSCI gauge of Asian emerging stocks slipped 0.3%, but shares in Seoul rose as much as 1.4% to a fresh high after dipping more than 5% earlier this week.