Tickmill Group analyst Patrick Munnelly said AI trading in parts of Asia has shifted from a leadership role to liquidation. South Korean stocks extended losses on Wednesday, pushing the benchmark KOSPI into a bear market. After a historic rally, investors are continuing to sell crowded semiconductor positions; efforts to separate the broader AI narrative from chip liquidations may become harder. He said markets are also coping with geopolitically driven supply shocks, overextended tech positions

Daiwa Capital Markets analysts said investors will watch ECB minutes due Thursday, but the post-meeting fall in oil prices has eased the urgency of the policy debate. At its June meeting the ECB raised inflation expectations and delivered its first rate hike since 2023. Analysts added that the subsequent drop in energy prices has arguably reduced its significance for future policy deliberations, and policymakers at last week’s Sintra meeting signalled they are not in a rush to tighten again in July.

TTANQT LITHIUM A-shares hit the daily down limit; turnover exceeded CNY3.5 bln. Its H-shares (09696.HK) fell more than 7.5%.