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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 walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Oct. 16, 2024, in Tokyo. The Charging Bull statue in New York's Financial District is shown on Tuesday, Oct. 15, 2024. A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Oct. 16, 2024, in Tokyo. – Markets were mostly lower in Asia on Wednesday after U.S. stocks pulled back from their records, dented by selling of technology and energy sector shares.

Exxon Mobil dropped 3%, and energy stocks fell to some of Wall Street’s sharpest losses after oil prices tumbled more than 4%. A barrel of Brent crude, the international standard, has fallen back below $75 from more than $80 last week. In reporting ASML's latest quarterly results, its CEO Christophe Fouquet said AI continues to offer strong upside potential, but “other market segments are taking longer to recover.” ASML’s stock traded in the United States fell 16.3%.

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