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Asia Pacific equities were down on Wednesday following a weak lead-in from Wall Street, where the S&P 500 index fell 0.2 per cent on Tuesday, while an overnight tumble in oil prices hit energy stocks.
Tokyo stocks led the region lower with a dip of as much as 1.4 per cent after a preliminary reading on third-quarter gross domestic product showed growth slowing visibly to an annualised rate of 1.4 per cent, with domestic consumption shrinking compared to the previous quarter.
While stocks down across most sectors, the energy segment was hardest-hit, dropping 2 per cent after global benchmark Brent crude fell back below $64 a barrel overnight as the International Energy Agency said growth in US oil output was set to surge in the years ahead.
In Sydney, the S&P/ASX 200 was down 0.3 per cent as miners were dragged down by a fall in commodities prices in China.
The ASX 300 Metals and Mining index was down 2 per cent by the end of the morning session on Wednesday, with Fortescue Metals Group dropping down 2.7 per cent and fellow mining giants Rio Tinto and BHP Billiton were down 2.4 per cent and 2 per cent, respectively
Stocks in Hong Kong were down, albeit less so, with the Hang Seng index off 0.3 per cent ahead of quarterly earnings reports for major companies including Chinese tech conglomerate Tencent.