Stock market today: Asian shares mostly fall after Wall Street drop

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TOKYO (AP) — Asian shares were trading mostly lower on Wednesday after a decline overnight on Wall Street, while Tokyo’s main benchmark momentarily hit another 30-year high.

U.S. shares were set to drift lower with Dow futures down 0.3% at 37,429.00. S&P 500 futures fell 0.5% to 4,775.25.

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Japan’s benchmark Nikkei 225 lost earlier gains on profit-taking and finished down 0.4% at 35,477.75. The Nikkei earlier in the day hit a new 34-year high, or the best since February 1990 during the so-called financial “bubble.” Buying had focused on semiconductor-related shares, and a cheap yen helped boost some exporter issues.