GLOBAL MARKETS-China's AI Drive Hammers Tech Stocks

GLOBAL MARKET - SINGAPORE. U.S. stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on U.S. dominance and spending in one of the market's hottest sectors.

Overnight, chipmaker Nvidia dived 17%, wiping off nearly $593 billion in the biggest market capitalisation loss in history.