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Asian stocks mostly lower after Wall Street losses

Asian stocks

Asian markets were mostly lower Wednesday after overnight losses on Wall Street. A global stock benchmark provider’s decision to add mainland China-listed shares to its widely followed stock indexes did little to boost risk appetite as the decision was widely expected. Oil prices fell.

Japan’s Nikkei 225 fell 0.2 per cent to 20,183.90 and South Korea’s Kospi fell 0.6 per cent to 2,355.66. Hong Kong’s Hang Seng index dropped 0.5 per cent to 25,717.22. But China’s Shanghai Composite Index added 0.1 per cent to 3,143.48. Australia’s S&P/ASX slumped 1.3 per cent to 5,683.80. Stocks in Taiwan, Singapore and Southeast Asian markets were lower.

Paul

The author Paul