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Asian markets dash after Wall Street's fall

The shares were moderately lower in Asia on Wednesday after a blood deposition on Wall Street, as the goodwill generated…

The shares were moderately lower in Asia on Wednesday after a blood deposition on Wall Street, as the goodwill generated by a US-China gunpower over trade disrupted what the two sides had agreed upon.

On Tuesday, Dowen Jones Industrial Average

DJIA, -3.10%

fell almost 800 points. Return on benchmark 10-year government bond listing fell to its lowest level of three months, indicating that the bond market is concerned about long-term economic growth. The sale shortened a new rally on Wall Street. The market received Monday after the Trump administration said that the US and China agreed on a temporary breakdown in a trade dispute. Last week, the shares jumped when the Federal Reserve chairman pointed out that the central bank could lower the rate of interest rate hikes.

In Asia, the losses at the early Wednesday trade were at least not as bad.

Hong Kong Hang Seng Index

HSI, -1


went worst, down 1.5% at mid-morning. Tech shares rose sharply, with Tencent

0700, -2.44%

throw 2% and smartphone component companies AAC

2018, -3.79%

and Sunny Optical

2382, -6.95%

tumbling as well. The banks also fell with HSBC

0005, -2.28%

down 2% and China Construction Bank

0939, -1.62%

of 1.5%. In mainland China, Shanghai Composite

SHCOMP, -0.61%

was down about 0.5% while the smaller cap Shenzhen Composite

399106, -0.50%

rebounded between small profits and losses.

Japanese Nikkei

NIK, -0.53%

traded at the latest 0.7%. The financial shares went bad, with the insurance company Dai-Ichi Life

8750, -3.16%

falls 3% and Nomura

8604, -3.28%

of approximately the same. Robotics maker Fanuc

6954, -3.42%

fell more than 3 %%.

South Korea’s Kospi

SEU, -0.62%

slipped 0.6%, with Samsung

005930, -1.66%

down 1.6%. Benchmarks in Taiwan

Y9999, -1.65%

and Singapore

STI -0.64%

fell about 1% or more.

Australia’s S & P ASX 200

XJO, -0.78%

fell about 1% after GDP data for the third quarter came below expectations. The bank stocks again met with Westpac

WBC, -1.16%

Commonwealth Bank

CBA, -1.13%

and ANZ Banking Group

ANZ, -0.72%

all down more than 1%. New Zealand’s benchmark

NZ50GR, -0.95%

fell about 1%.

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