Asian stock markets are in a sea of red and sharply lower on Wednesday, following the broadly negative cues overnight from Wall Street and other global markets, as technology stocks helped led the markets lower amid a continued advance by treasury yields came after the US Fed has signaled plans to begin scaling back its asset purchases in the near future and raise interest rates next year. Asian Markets closed mixed on Tuesday.
The concerns over the debt-ceiling impasse in Washington, China's power crunch and the Evergrande situation added to investor worries over slowing global growth.
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