Asia-Pacific markets: AI stocks valuation, China October trade data

Asia-Pacific markets fell Friday, tracking Wall Street declines on persistent concerns over lofty valuations in artificial intelligence stocks.

Shares of major AI companies fell Thursday stateside, weighing down on the broader U.S. market. The biggest declines were from Nvidia , Microsoft , Palantir Technologies , Broadcom and Advanced Micro Devices .

Japan's benchmark Nikkei 225 index tumbled 1.93%. Shares of AI-related stocks were they key drag: SoftBank was down over 8%, semiconductor testing equipment maker Advantest lost more than 7%, chipmaker Renesas Electronics fell 4%, and Tokyo Electron , a chip production equipment maker, declined 2.17%.

The Topix index retreated 0.99%.

South Korea's Kospi de