Tech chills spill into Asia, as shares sink across region

Elva Mankin

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A man walks by an electronic stock board of a securities firm in Tokyo, Monday, Sept. 7, 2020. Asian stock markets were mixed Monday after Wall Street turned in its biggest weekly decline in more than two months.

AP

Asian shares declined on Wednesday after a sell-off of big technology stocks on Wall Street pulled U.S. benchmarks lower. Crude oil prices and Treasury yields also weakened.

Australia’s benchmark led regional declines on Wednesday, losing more than 2%. Japan’s Nikkei 225 fell 1.6%.

Troubles with Astra-Zeneca’s coronavirus vaccine trial and simmering China-U.S. tensions also have rattled investors.

“At a minimum, the optimism balloon floated by vaccine hopes has sprung a sizable leak,” Stephen Innes of AxiCorp. said in a commentary.

Talk by President Donald Trump of “decoupling” the U.S. economy from China, as the presidential campaign heats up has ramped up uncertainty as Washington seeks to limit use of

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