Asian shares trade lower after  AI darlings prop up Wall Street

TOKYO, Nov 4: Asian shares retreated on Tuesday despite the big lift in overseas markets from optimism over AI technology, as traders sold shares to lock in recent profits. Japan’s benchmark Nikkei 225 dipped 1.7 per cent to 51,497.20 following a national holiday on Monday. Australia’s S&P/ASX 200 shed 0.9 per cent to 8,813.70. South Korea’s Kospi dipped 2.4 per cent to 4,121.74, reversing after a rally took it to record highs in recent days. Hong Kong’s Hang Seng erased earlier gains to fall 0.6 per cent to 25,983.29, while the Shanghai Composite lost 0.4 per cent to 3,960.19. On Monday, gains for Nvidia, Amazon and other AI superstars propped up share prices. The S&P 500 rose 0.2 per cent and pulled closer to its all-time high set last week, even though the majority of stock