Asian shares fell on Wednesday
Asian shares fell on Wednesday after weak earnings for technology and media companies led stocks lower on Wall Street.
- Japan’s Nikkei 225 index lost 0.6% to 22,843.12.
- Sydney’s S&P ASX 200 sank 0.8% to 6,689.50.
- In South Korea, the Kospi declined 0.6% to 2,080.27.
- Hong Kong’s Hang Seng dropped 0.4% to 26,667.71 while the Shanghai Composite index gave up 0.5% to 2,939.32.
- ndia’s Sensex gained 0.8% to 40,145.55. Shares also rose in Taiwan and Southeast Asia.
- The S&P 500 slipped 0.1% to 3,036.89, while the Dow Jones Industrial Average dropped 0.1% to 27,071.
- The dollar fell to 108.87 Japanese yen from 108.88 yen on Monday.
- The euro rose to $1.1117 from $1.1112.
- Benchmark crude oil fell 19 cents to $55.35 per barrel in electronic trading on the New York Mercantile Exchange. It gave up 27 cents to settle at $55.54 a barrel on Tuesday.
- Brent crude oil, the international standard, declined 10 cents to $61.13 a barrel.
- Treasury yields dipped ahead of the decision. The yield on the 10-year Treasury slid to 1.83% from 1.85% late Monday.
- The two-year yield, which is more sensitive to moves by the Fed, fell to 1.63% from 1.64%.