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Stock market today: Asian shares mostly lower after Wall Street retreat deepens

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TOKYO (AP) — Shares in Asia were mostly higher on Wednesday, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June. Tokyo's Nikkei 225 recovered earlier losses, gaining 0.3% to 32,371.90. In Hong Kong, the Hang Seng advanced 0.6% to 17,577.03. The Shanghai Composite index added 0.3% to 3,111.36. In China, concerns continued over heavily indebted real estate developer Evergrande. The property market crisis there is dragging on China’s economic growth an

TOKYO — Shares in Asia were mostly higher on Wednesday, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June.

In China, concerns continued over heavily indebted real estate developer Evergrande. The property market crisis there is dragging on China’s economic growth and raising worries about financial instability. Australia's S&P/ASX 200 slipped 0.3% to 7,019.70. In Seoul, the Kospi edged 0.1% higher, to 2,466.72.

September has brought a loss of 5.2% so far for the S&P 500, putting it on track to be the worst month of the year by far, as the realization sets in thatfor longer than hoped for. That understanding has sent yields in the bond market to their highest levels in more than a decade, undercutting prices for stocks and other investments.

 

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