On Wednesday, Asian stock markets started the day in red after the reversal of triple-digit point gain by Wall Street to end lower in the previous session.

Japan’s Nikkei 225 dropped 0.45 percent after hitting a 26-year peak in the last session. Major exporter stocks were mixed while index heavyweights Softbank Group and Fanuc slipped 1.14 percent and 3.14 percent, respectively.

In South Korea, the Kospi dipped 0.44 percent. Samsung Electronics shares were down 0.57 percent. Chipmaker competitor SK Hynix lowered 0.67 percent after trading above the flat line earlier in the day.

In Australia, after the fall in base metals seen overnight, the S&P/ASX 200 lost 0.54 percent. The material industry topped losses on the index, trading lower by 2.03 percent. Big mining companies noted a considerable fall: Rio Tinto dipped 3.46 percent, BHP was down 2.91 percent, and Fortescue Metals fell 3.01 percent.

Hong Kong’s Hang Seng Index edged down 0.38 percent after achieving a record close on Tuesday. The financial companies were a mixed picture after increasing in the last session: HSBC Holdings and China Construction Bank yielded early gains to trade flat in the afternoon, while insurer AIA fell 0.37 percent.


Technology companies were also traded lower, although index heavyweight Tencent traded 0.14 percent higher.

The Shanghai Composite jumped 0.14 percent, while the Shenzhen Composite fell 0.38 percent. The Blue Chip CSI 300 index slid 0.26 percent.

Meanwhile, benchmark U.S. crude gained 15 cents to $63.88 per barrel in electronic trading on the New York Mercantile Exchange. It slid 57 cents to $63.73 per barrel on Tuesday. Brent crude, which is used to price international oils, rose 10 cents to $69.25.

The dollar climbed 110.64 yen from 110.49 yen on Tuesday. The euro rose from $1.2258 to $1.2281.

In bonds, the yield on 10-year Treasuries slipped less than one basis point to 2.53 percent. Japan’s 10-year yield remained at 0.083 percent.

In commodities, West Texas Intermediate crude climbed 0.3 percent to $63.94 a barrel. Gold added 0.2 percent to $1341.55 an ounce, the highest in almost 19 weeks. LME copper rose 0.3 percent to $7098.50 per metric tonne.

Don’t get outdated! Subscribe now to FSMNews and be the first to know the freshest news about the forex, commodities, stocks, technology and the economy.