BANGKOK — Shares were mostly lower Wednesday in Asia after Wall Street benchmarks retreated following the S&P 500’s rise to its highest level since the spring of last year.
U.S. futures were little changed and oil prices rose.
Tokyo’s Nikkei 225 advanced 0.3% to 33,575.14, while the Hang Seng in Hong Kong sank 2% to 19,217.66. The Shanghai Composite index gave up 1.3% to 3,197.90 and the Kospi in Seoul slipped 0.9% to 2,582.63.
In Australia, the S&P/ASX 200 shed 0.6% to 7,314.90. Bangkok’s SET lost 0.8% while India’s Sensex was up 0.3%.
This week has few potentially market-moving events.
Federal Reserve Chair Jerome Powell will testify before Congress on Wednesday and Thursday. Last week, the Fed held its benchmark lending rate steady, the first time in more than a year that it didn’t announce an increase. But it also warned it could raise rates twice more this year.
The Bank of…
