Asia-Pacific stocks lower as Wall Street declines from record highs
Stocks in Asia-Pacific declined in Wednesday morning trade after major indexes on Wall Street snapped their multi-day winning streaks overnight.
The Nikkei 225 in Japan slipped 0.35% in early trade on Wednesday, after surging more than 2% on Tuesday to close at a level not seen since August 1990, according to data from Refinitiv. The Topix index dipped 0.7%.
South Korea’s Kospi declined 0.13%. Shares in Australia also fell, with the S&P/ASX 200 down about 0.9%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.16% lower.
Wednesday is the final trading day in 2020 for stocks in Japan and South Korea as their markets will be closed on Thursday.
Reference: CNBC
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