What happened during the night
Shares were mostly lower in Asia on Wednesday after Wall Street curbed its recent rally.
Tokyo’s Nikkei 225 index rose slightly while the Shanghai Composite index fell 2 pc.
Overnight, a late fall by big tech companies left indexes significantly lower on Wall Street, breaking a seven-day winning streak for the S&P 500.
A discouraging lack of progress in negotiations over increased economic aid for the US economy, coupled with concerns over the coronavirus pandemic and tensions between the US and China, has prompted investors to sell off and lock in profits recent gains, analysts said.
The Nikkei 225 gained 0.4% to 22,848.24, while Hong Kong’s Hang Seng edged down 0.2% to 24,845.57. In South Korea, the Kospi was flat, at 2,418.32. The Shanghai Composite Index lost 66 points to 3,273.75. The Australian S & P / ASX 200 was down 0.5% to 6,107.20.
Shares fell in Taiwan, India and most countries in Southeast Asia.
Intermediate results: Admiral Group, Avast, Balfour Beatty, Capital & Counties, CLS, Hostelworld, Just Eat Takeaway.com, M&G, Spirax-Sarco
Economy: T2 GDP, sector indices, trade balance (United Kingdom); industrial production (euro zone); inflation (United States)