Asian shares hit three-week lows on Wednesday after a dour start to Wall Street's earnings season knocked U.S. stocks, while the dollar and Treasury yields were at multi-month highs on growing expectations of a U.S. interest rate hike in December. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.4 percent.
Japanese stocks dropped on Wednesday, retreating from a five-week high after Wall Street was hit by weak corporate earnings overnight and as investors braced for the reporting season. The benchmark Nikkei share average fell 1.1 percent to 16,840.00, retreating from a five-week closing high in the previous session.
China stocks dipped on Wednesday, led by resources shares, as renewed worries about weakness in the yuan hurt investor sentiment and reduced the appeal of Chinese assets. The blue-chip CSI300 index and the Shanghai Composite Index both ended down 0.2 percent at 3,300.01 and 3,058.50 point
Hong Kong stocks fell on Wednesday as global markets enter a period of rising uncertainty, with investors bracing for the U.S. presidential election, a possible U.S. rate hike and bruising negotiations on Britain's exit from the European Union. The Hang Seng index fell 0.6 percent to 23,407.05 points, while the China Enterprises Index lost 1.3 percent to 9,673.20.
Reference: Reuters
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