Asia-Pacific markets moved lower as Wall Street’s tech-led sell-off continued overnight, with investors continuing to rotate out of technology stocks
By 11:55 am AEDT (12:55 am GMT), Australia’s S&P/ASX 200 was down 0.3%. Japan’s Nikkei 225 slipped 1%, while South Korea’s Kospi 200 outperformed regional peers, rising 0.7%.
In Australia, fresh data from the Australian Bureau of Statistics (ABS) showed household wealth continued to rise.
Household wealth increased by 3.1%, or $551.3 billion, in the September quarter of 2025.
The value of residential land and dwellings rose 2.7%, or $303.7 billion, contributing 1.7 percentage points to overall household wealth growth.
Dr Mish Tan, ABS head of finance statistics, said: “Rising house prices were the main driver of the growth in household wealth this quarter."
Overnight in the U.S., major benchmarks finished lower as technology stocks weighed on sentiment. The Dow Jones Industrial Average fell 0.5%, the S&P 500 closed down 1.2%, and the Nasdaq Composite ended 1.8% lower.
Commodity markets were firmer, with Brent crude rebounding after falling to near its lowest levels since February 2021. Brent rose 1.3% to settle at US$59.68 per barrel.
Spot gold lifted 0.8% to trade near fresh record highs at US$4,337.83 an ounce.
In China, markets advanced on Wednesday, with the Shanghai Composite adding 1.2% to 3,870.3 and the CSI 300 gaining 1.8% to 4,579.9.
Hong Kong’s Hang Seng Index declined 0.9% to 25,468.8, while India’s BSE Sensex finished 0.1% lower at 84,559.7.
European markets closed mixed, with the FTSE 100 rising 0.9% to end at multi-week highs of 9,774.3. Germany’s DAX slipped 0.5% to 23,960.6, while France’s CAC 40 eased 0.3% to 8,086.1.
