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In
Asia, Japan's benchmark Nikkei 225 declined less than 0.1% to
finish at 67,744.29. Australia's S&P/ASX 200 declined 0.6% to
8,727.90. South Korea's Kospi, which has undergone some volatile
trading lately, fell 0.4% to 6,008.81. Hong Kong's Hang Seng
shed 0.1% to 24,314.17, while the Shanghai Composite dipped
nearly 0.9% to 3,767.23.
Global markets have been struck with various worries about high
inflation, increased pressure from the bond market and conflicts
in the Middle East. Worries have been high for a while about
whether chip stock prices have shot too high in the frenzy
around AI technology.
China’s memory chipmaker CXMT, which is making advances that
could challenge industry heavyweights, rose in early Wednesday
trading in Asia, but then fell back. In South Korea, Samsung
Electronics Co. stocks also initially rose but fell flat. SK
Hynix slipped.
In energy trading, benchmark U.S. crude rose 0.05% to $94.19 a
barrel. Brent crude, the international standard, edged down
0.09% to $105.60 a barrel.
In currency trading, the U.S. dollar rose to 158.40 Japanese yen
from 158.32. The euro was unchanged at $1.1203.
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