A global selloff in technology shares, dubbed "chip-wreck," sent Asian markets lower on Tuesday as investors weighing anew long-term prospects against short-term profits. South Korea's Kospi, heavily weighted in chipmaker shares, plunged 10 percent, and Japan's Nikkei was down 3.55 percent.

Chinese tech titan Alibaba has filed a lawsuit against the US Department of Defense for including the company on a blacklist over alleged ties to China's military. "The determination has no basis in fact or law," the company said in a suit filed in federal court in California.

China said it will support companies wholly or partially owned by foreigners to list on Chinese mainland stock markets in a move to widen participation beyond mostly domestic companies, attract more foreign direct investment and increase use of the yuan.

Leapmotor International, a joint venture between Stellantis and Chinese electric-car startup Leapmotor, opened a new battery assembly plant in Spain. It will initially turn out 65,000 lithium-phosphate battery modules, with capacity to increase production to 100,000 units.