AI Slump Dims Emerging Market Stocks Amid Wait for US Jobs Report
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000 Emerging-market stocks are heading for another day of losses of more than 1% as investors continued to pull out of artificial intelligence stocks. The stock losses were led by technology giants including Alibaba Group Holding Ltd. andTencent Holdings Limited. Investors are concerned about AI-driven growth and whether companies can justify their pricey valuations. The MSCI China Index fell 1.6% and Hang Seng China Enterprises Index fell 1.8%. Both briefly entered technical correction.