Hong Kong, Shenzhen down 2%, leading Asia losses and partly dragged by tech stocks

Asia-Pacific markets largely fell on Wednesday, tracking Wall Street stock moves as two major Chinese indexes lost ground amid declines in tech and other sectors. Mainland Chinese markets were all weaker, with the Shenzhen Component down 2.18% and ending the day at 11,058.63, dragged by education and tech stocks and leading losses in the region. The Shanghai Composite also fell 1.31% to close at 3,197.9 and record its third-straight day of losses. Hong Kong’s Hang Seng index tumbled about 2%, mainly due to healthcare and technology stocks. In Japan, the Nikkei 225 was the only major index in the green as it reversed earlier losses and gained 0.56% along with the Topix, which rose 0.49%. The Nikkei closed at 33,575.14, while the Topix finished at 2,295.01. In Australia, the S&P/ASX 200 fell 0.26% to snap a seven-day winning streak, ending the day at 7,314.9. South Korea’s Kospi slipped 0.7% to close at 2,582.63, its third straight day of losses, and the Kosdaq closed 1.21% down at 875.7. Overnight in the U.S., all three major indexes fell, with the Dow Jones Industrial Average down 0.72% and the S&P 500 shedding 0.72%. The Nasdaq Composite saw the smallest loss, falling just 0.16%.