- A day after the big tech rise, Wall Street's risk-on attitude began to wane, and Asian markets traded in a mixed manner. Despite new indications of an earnings revival among the country's tech heavyweights, mainland Chinese stocks fell again.
- After a sudden gain on Tuesday, shares in Hong Kong marginally increased while those in Shanghai and Shenzhen declined. Benchmark indices in Australia and Japan maintained slight advances.
- The selling in mainland China came even as Baidu released financial results that showed its revenue rose the most in more than a year. The company's net income increased 43% while revenues for the June quarter increased more than anticipated.
- Whilst investors awaited Nvidia's report later on Wednesday, US market futures rose in Asia. The company's second-quarter sales may surpass the prediction it made three months ago, according to analysts.
- The S&P 500 extended its August slide Tuesday. Banks dropped as S&P Global Ratings joined Moody’s Investors Service in cutting some US lenders amid a tough climate.
- Treasuries rose in Asia, with the 10-year note increasing for the second day in a row. Markets are also marking time ahead of Federal Reserve Chair Jerome Powell's address on Friday. So far, the resilient American economy has investors positioned for the Federal Reserve to keep borrowing costs elevated.
