Asia markets track Wall Street declines; Japan exports notch steepest drop in over four years

Dukai Photographer | Moment | Getty ImagesAsia-Pacific fell Wednesday, tracking Wall Street declines overnight, as investors parsed Japan's trade data and China's loan prime rate decision.Japan's exports dropped 2.6% year over year in July, notching their steepest drop in over four years

The fall was sharper than the 2.1% contraction expected by economists polled by Reuters and compared to the 0.5% drop seen in June.Japan's Nikkei 225 declined 0.93%, while the Topix lost 0.31%. s of SoftBank Group plunged as much as 9.17% Wednesday, as nology stocks in Asia declined, tracking losses in U.S. peers overnight.The Japanese -focused investment firm saw s drop for a second consecutive session, ing its announcement of a $2 billion investment in Intel

Intel s rose 6.97% to close at $25.31 Tuesday stateside.South Korea's Kospi lost 1.52% and the small-cap Kosdaq fell 1.77%

Australia's S&P/ASX 200 was 0.24% lower at the open.Hong Kong's Hang Seng index fell 0.71%, while the mainland's CSI 300 declined 0.48% after China left its key lending rates steady in August for a third straight month, matching market forecasts

Taiwan's Taiex fell more than 2%.s in Chinese toymaker Pop Mart reversed course to rise Wednesday, a day after the company posted a near-400% surge in net fit, driven by booming global demand for its Labubu dolls.Pop Mart was trading above 8% as of 11.47 a.m. local time (11:47 p.m

ET Tuesday), after dropping as much as 4.7% at the start of the session.Overnight stateside, the S&P 500 pulled back, weighed down by Nvidia s and a broad decline in nology stocks

The broad market S&P 500 lost 0.59% and closed at 6,411.37, while the Nasdaq Composite fell 1.46% to settle at 21,314.95.The Dow Jones Industrial Average added 10.45 points, or 0.02%, and at 44,922.27