Asian stock markets fell on Wednesday after another tumble on Wall Street, where concerns have spread to the corporate-bond market. Investors are also contending with no obvious havens, with Treasuries little changed so far this week and gold weaker.
In Japan, the Nikkei 225 fell 0.63% and the Topix index shed 1%. South Korea's Kospi fell 0.92%.
Equity benchmarks retreated across the region though an increase in US futures kept declines relatively contained. Oil tumbling toward $53 a barrel weighed on energy companies, while a plunge in Apple Inc.’s stock hit suppliers in Asia.
All major US benchmarks fell more than 1.5% Tuesday. The S&P 500 Index briefly slid 10% below its September record close before clawing back just above the threshold. Two-year Treasury yields are up slightly this week, suggesting no sea-change in views on the Federal Reserve’s path of tightening.
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