Asian shares mostly declined Wednesday following a drop on Wall Street, as Federal Reserve Chair Jerome Powell said that stock prices were “fairly highly valued.”
Japan's benchmark Nikkei 225 lost 0.4% in morning trading to 45,300.30. Australia's S&P/ASX 200 slipped 1.0% to 8,756.30. South Korea's Kospi dropped 1.1% to 3,448.44. Hong Kong's Hang Seng rose 0.6% to 26,305.02, while the Shanghai Composite gained 0.2% to 3,829.91.
