The momentum in Japan markets were largely driven by the country’s technology and financial sector.
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Asia-Pacific stock markets were trading lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight.
Asian traders assessed corporate goods data out of Japan, which showed year-on-year producer price growth, or wholesale inflation, in October reached its highest since July last year at 3.4%.
That was higher than the 3% growth expected by economists polled by Reuters, and the 2.8% rise in September.
Japan’s Nikkei 225 was trading down 1.1%, while the Topix declined 1%.
South Korea’s Kospi fell 1.6%, while the Kosdaq Index was down 2.3%.
Australia’s S&P/ASX 200 was down 0.53%.
Hong Kong’s Hang Seng index was trading down 0.5%, while mainland China’s CSI 300 was down 0.25%.
Overnight in the U.S., stocks fell with both the tech-heavy Nasdaq and the S&P 500 snapping five-day win streaks.
The Dow Jones Industrial Average dropped 382.15 points, or 0.86%, to 43,910.98, while the S&P 500 fell 0.29% to close at 5,983.99. The Nasdaq Composite ended the session marginally lower at 19,281.40.
Small-cap stocks, perceived as possible beneficiaries of Donald Trump’s return as U.S. president, were largely under pressure, with the Russell 2000 sliding about 1.8%.
— CNBC’s Brian Evans and Alex Harring contributed to this report.