Investing.com-- Most Asian stocks fell on Wednesday, tracking losses in Wall Street as a post-election rally now appeared to be cooling, while anticipation of key U.S. inflation data also spurred risk aversion.
U.S. stock index futures fell in Asian trade after a negative session on Wall Street, as stock benchmarks fell from record highs after a strong run-up in the past week. Wall Street had rallied sharply in the wake of a Trump victory in the 2024 presidential election. Investors were now holding out for more fiscal measures aimed at improving consumer spending and supporting the property market. Bloomberg reported the country was considering slashing homebuying taxes to support the property sector, although this did little to shore up local stocks.
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