The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020.
Toru Hanai | Bloomberg via Getty Images
Shares in the Asia-Pacific opened lower Wednesday, following Wall Street’s negative lead ahead of the Federal Reserve’s expected rate hike.
The Nikkei 225 in Japan dropped 1% in early trade, while the Topix index fell 0.94%. In Australia, the S&P/ASX 200 slipped 0.32%.
South Korea’s Kospi declined 0.35%. MCSI’s broadest index of Asia-Pacific shares outside Japan shed 0.17%.
“A sourer tone took hold over the past 24 hours, with equities lower and haven currencies, including the dollar, stronger,” Taylor Nugent, economist at National Australia Bank, wrote in a Wednesday note.
The Dow Jones Industrial Average dropped 313.45 points, or 1.01%, to 30,706.23. The S&P 500 slid 1.13% to 3,855.93 and the Nasdaq Composite slumped 0.95% to 11,425.05. The dollar index strengthened above the 110 level.
— CNBC’s Samantha Subin and Jesse Pound contributed to this report.