Asian Shares Decline As Wall Street Ends Record-Breaking Run

A currency trader passes by the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange deali

Asian shares mostly declined on Wednesday following Wall Street's worst day in weeks, breaking its record-breaking bull run. Japan's Nikkei 225 slid 0.8%, Sydney's S&P/ASX 200 slipped 1.3%, South Korea's Kospi dropped 1.4%, Hong Kong's Hang Seng lost 1.1%, and the Shanghai Composite fell 0.2%.

Analysts expressed concerns that the turbulence in Wall Street might spread to Asia, despite recent positive economic signs from China. China aims for around 5% economic growth this year to overcome challenges in the property sector and pandemic disruptions.