Asian stock markets traded lower on Wednesday following a rough trading session in the United States. The selloff was led by a drop in the shares of major banks as Fitch Ratings said it might cut their credit rating. Meanwhile, geopolitical tensions linger with China warning the US about its involvement in the Taiwan crisis, and North Korea breaking the silence regarding a US soldier who crossed over onto its territory in July.
The Nikkei 225 dropped 1.14% at 4:16 am CET, the S&P/ASX 200 lost 1.28%, the Kospi Composite decreased by 1.12%, and Hang Seng lost 1.03%. In mainland China, the Shanghai Composite declined by 0.49% at 4:17 am CET and the Shenzhen Composite fell by 0.26%.
The dollar traded 0.07% higher against the yen, going for 145.6745 at 4:19 am CET.
