By Associated Press and Marketwatch
Asian shares were lower Wednesday amid continuing global uncertainties that weighed on stocks as some traders took profits from a rally earlier in the week.
Japan’s benchmark Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +1.27% dropped 1.4% in morning trading and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.15% lost 0.6%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.81% slipped 0.9%. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +2.96% fell 0.5%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.60% dipped 0.7%. Taiwan’s benchmark was about flat, while indexes in Singapore /zigman2/quotes/210597985/delayed SG:STI +1.56% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +1.39% fell.
Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 +3.50% and Toyota /zigman2/quotes/203803129/delayed JP:7203 +2.14% fell in Tokyo trading. AAC /zigman2/quotes/201441510/delayed HK:2018 +5.93% and Geely Automotive /zigman2/quotes/200716015/delayed HK:175 +1.79% slid in Hong Kong, while Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.74% dropped in Korea. Energy stocks such as Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -2.72% and Woodside Petroleum /zigman2/quotes/203437212/delayed AU:WPL -3.75% slipped in Australia.
On Wall Street, Boeing /zigman2/quotes/208579720/composite BA -5.07% weighed down the Dow Jones Industrial Average for a second day as shares in the aircraft maker fell amid safety concerns following a second deadly crash involving its most popular plane. The company led a slide in industrial sector stocks.
The benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.01% gained 8.22 points, or 0.3%, to 2,791.52. The Dow /zigman2/quotes/210598065/realtime DJIA +0.03% fell 96.22 points, or 0.4%, to 25,554.66. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -0.30% , which is heavily weighted with technology stocks, climbed 32.97 points, or 0.4 percent, to 7,591.03.
Investors have also been closely watching developments in Britain, although they appeared to shrug off the latest developments. Parliament voted to reject a deal for the U.K. to exit from the European Union. The move plunges the Brexit process into chaos just 17 days before Britain is due to leave the bloc.
Investors are also still waiting for more details on any potential trade deal between the U.S. and China. Costly tariffs have hurt both nations and investors hope a deal can be struck to at least take some pressure off the global economy, which has shown signs of cooling off.
The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0477% inched down to 111.21 yen from Tuesday’s 111.26 yen .
The price of benchmark U.S. crude oil rose 20 cents to $57.07 a barrel. It rose 8 cents to $56.87 a barrel Tuesday. Brent crude rose 11 cents to $66.78 a barrel.
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