Stock market today: Asia shares mostly decline after Wall Street slide on bank worries
TOKYO (AP) — Asian shares mostly fell Wednesday after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth.Japan’s benchmark Nikkei 225 lost 0.2% to 32,323.31 in morning trading. Australia’s S&P/ASX 200 was virtually unchanged, edging up less than 0.1% to 7,316.60. South Korea’s Kospi added nearly 1.0% to 2,598.96. Hong Kong’s Hang Seng dropped 0.4% to 19,105.19, while the Shanghai Composite shed 0.4% to 3,247.64. Clifford Bennett, chief economist at ACY Securities, called the export data out of China “rather alarming,” noting it was the sharpest decline in three years and reflected the situation with the global economy, not just in China.
“Global demand i...
