Asian Stocks Close In Red As Hong Kong Falters: Market Wrap

Most of the major Asian indices declined on Wednesday, with Hong Kong stocks leading losses in the region.

The Hang Sheng index fell 3.22% to close at 18,814.82, down 626.36 points. The gauge broke from the intraday high of 19,737.31 to the low of 18,799.81, but pared losses in the last hour.

The Shanghai Composite ended 0.4%, or 12.91 points, lower at 3,199.62. Nikkei 225 closed at 27,686.40, down 0.72% or 199.47 points. In contrast, the Shenzhen Component ended in green, rising 0.17%, or 19.94 points, to 11,418.76. Kospi closed 0.43% lower, or 10.35 points down, at 2,382.81.