Epic Research Update: Asian Markets

Asian shares pulled back on Wednesday as Wall Street was knocked hard on concerns about tighter regulations on the tech industry, denting a brief global equities recovery driven by hopes of easing fears of a trade war between China and the United States.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, with tech-heavy Korean shares falling 1.0 percent. Japan’s Nikkei fell 2.1 percent.

On Wall Street, the S&P 500 lost 1.73 percent and the Nasdaq Composite dropped 2.93 percent, making their fourth decline in five sessions.

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