Asian equity markets traded mostly lower on Thursday, with South Korea's KOSPI plunging nearly 4% to around 7,990, leading regional losses after a technology-led selloff on Wall Street. Japan's Nikkei fell 1.83% to about 69,000, while China's Shanghai Composite dropped 1.50% to 4,054 and the Shenzhen Component tumbled 2.7% to 15,678. Hong Kong's Hang Seng Index bucked the trend, rising 0.42% to 23,224, supported by gains in technology, financial, and retail stocks. India's SENSEX edged up 0.43% to 77,383, and Australia's ASX 200 slipped 0.08% to 8,680, marking its third straight decline. The selloff was fueled by skepticism over the sustainability of the AI rally, despite Federal Reserve Chair Kevin Warsh noting that eased inflation expectations have reduced the urgency for near-term rate hikes.