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