Asian markets opened with slight cuts. (Image source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Asian equities posted a modest drop at the open after Wall Street’s pullback from record highs sparked caution among investors.

MSCI’s regional stock gauge dropped 0.2% with technology shares among the losers. The S&P 500 slipped 0.4% on Tuesday as concerns grew that a $16 trillion surge from its April lows was excessive. An index of US-listed Chinese shares fell the most since the end of August ahead of Hong Kong’s return from a holiday. Gold was just a touch short of $4,000 an ounce.

The yen extended its losses to a fifth day, sliding to the lowest against the dollar since February as Sanae Takaichi’s surprise win as the new leader of the ruling Liberal Democr

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