Asian stock markets are lower on Wednesday despite the modest gains overnight on Wall Street. Worries about trade tensions and slowing global economic growth weighed on investor sentiment. Bucking the trend, the Australian market is higher.
South Korea has slashed its economic growth forecast for this year due to weak exports and sluggish investments. In addition, the Japanese government's decision to restrict export of tech materials that are used to produce semiconductors and display panel materials to South Korea weighed on tech stocks.
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