Asian stock markets are mostly lower on Wednesday, tracking the overnight sell-off on Wall Street amid geopolitical concerns following North Korea’s nuclear test on Sunday.
Investors also kept an eye on Hurricane Irma, which is bearing down on the Caribbean islands and Florida, just a week after Hurricane Harvey disrupted refineries along the Texas coast.
Oil stocks are also higher after crude oil prices rose almost 3 percent overnight. Woodside Petroleum is adding 0.3 percent, Oil Search is advancing almost 1 percent and Santos is rising almost 2 percent.
Among automakers, Toyota and Honda are declining almost 1 percent each. In the banking sector, Mitsubishi UFJ Financial is losing almost 2 percent and Sumitomo Mitsui Financial is down more than 1 percent. In the currency market, the U.S. dollar is trading in the upper 108 yen-range on Wednesday.
Elsewhere in Asia, Shanghai, South Korea, Singapore, Hong Kong, New Zealand, Indonesia and Taiwan are also in negative territory, while Malaysia is edging higher.
On Wall Street, stocks closed sharply lower on Tuesday, partly reflecting geopolitical concerns following news North Korea conducted a major nuclear test on Sunday.
Asian Market News
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