Stock market today: Asian shares track Wall St decline, as selling hits tech companies

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Shares are mostly lower in Asia after U.S. stocks pulled back from their records.

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People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Oct. 16, 2024, in Tokyo. On Tuesday, Wall Street pulled back from its records, with the S&P 500 falling 0.8% to 5,815.26, a day after setting anfor the 46th time this year. The Dow Jones Industrial Average dropped 0.8% to 42,740.42, and the Nasdaq composite sank 1% to 18,315.59.

Nvidia was the heaviest weight on the S&P 500 and fell 4.5%. The chip company's stock is still up 166.2% for the year so far on euphoria about the profits created by the boom around artificial-intelligence technology.

 

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