Asian stocks closed in red on Wednesday after US technology shares came under heavy selling pressure overnight on concerns about tighter industry regulations. Trade-related tensions also kept investors nervous. Japanese stocks fell, led by a sell-off in tech firms after their US counterparts skidded on concerns about government regulation, while ex-dividend trades added to the broader losses. Further, Chinese stocks closed lower, led by declines in the foreign trade sector. Stocks related to foreign trade dropped following the US government's latest tariff plan on imports from China.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,122.29 | -44.36 | -1.40 |
Hang Seng | 30,022.53 | -768.30 | -2.50 |
Jakarta Composite | 6,140.84 | -68.51 | -1.10 |
KLSE Composite | 1,857.87 | -4.58 | -0.25 |
Nikkei 225 | 21,031.31 | -286.01 | -1.34 |
Straits Times | 3,382.78 | -56.57 | -1.64 |
KOSPI Composite | 2,419.29 | -32.77 | -1.34 |
Taiwan Weighted | 10,865.66 | -121.13 | -1.10 |
