Asian shares were trading mostly lower on Wednesday following a decline on Wall Street, while Tokyo's main benchmark momentarily reached another 30-year high. The Nikkei 225 in Japan gained 0.2%, continuing its upward trajectory and hitting new 34-year highs. The buying spree was centered around semiconductor-related shares, with the help of a cheap yen that boosted exporter issues.
However, Australia's S&P/ASX 200 slipped 0.3% and South Korea's Kospi dropped 2%, reflecting the overall negative sentiment in the region. Hong Kong's Hang Seng experienced a significant drop of nearly 3.1%, while the Shanghai Composite shed 0.9%.
