- Asian stocks fell after Wall Street's losses, as traders reduced their optimism about possible Federal Reserve interest-rate reduction and trimmed positions ahead of the long Christmas break.
- The MSCI All Country World Index of shares fell for the second day after rising for the previous nine sessions, as a selloff in the US saw both the S&P 500 and Nasdaq 100 stock indexes fall 1.5% on Wednesday. Treasuries and most currencies traded in a narrow band, with volatility easing as the year-end holiday season approaches.
- Japanese equities were among the worst performers in Asia, led by a selloff in index heavyweight Toyota South Korean and Taiwanese markets also fell.
- As data indicated signs of recovery in the nation's struggling real estate market, mainland China shares defied the trend and headed for their best day since early November. Chinese equities seemed to brush off a Wall Street Journal report that claimed the Biden administration is discussing raising tariffs on some China goods, citing people familiar with the matter.
- With the expectation of lower Fed interest rates, US 10-Yr yields fell to a five-month low on Wednesday, which caused the dollar to decline versus all of its G10 counterparts.
