Stocks In Asia Mixed As Wall St. Slumps

Asian stocks were mixed on Wednesday after tumbling Big Tech stocks dragged Wall Street to its worst day in three weeks.

The Dow Jones Industrial Average fell 1% to 38,585.19, and the Nasdaq composite led the market lower with a 1.7% slide to 15,939.59.

US futures and oil prices rose, Zimo Zhong reported for the Associated Press (AP).

Japan’s Nikkei 225 index edged 0.1% lower to 40,067.13. Hong Kong’s benchmark rebounded 2.3% to 16,539.01 ahead of reports by top Chinese economic officials on the sidelines of the annual session of the country’s ceremonial legislature.

The Shanghai Composite index gained 0.1% to 3,051.35. Elsewhere in Asia, Australia’s S&P/ASX 200 edged 0.1% higher to 7,735.80 after the Australian Bureau of Statistics said the economy expanded at a 0.2% pace in the last quarter.

India’s Sensex slipped 0.1% and Bangkok’s SET added 0.9%. On Tuesday, the S&P 500 dropped 1% to 5,078.65 for its second straight loss after closing last week at an all-time high.

The Dow Jones Industrial Average fell 1% to 38,585.19, and the Nasdaq composite led the market lower with a 1.7% slide to 15,939.59. Meetings on Wednesday may provide more details on the government's plans to stimulate China’s economy as its growth slows.

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