Asian equities opened lower on Wednesday on concerns about rising interest rates and rich equity valuations and following a downdraft in U.S. and European overnight trading. In early Asia trade, Australia's S&P/ASX 200 was down by 0.5 percent, South Korea's KOSPI shed 0.4 percent while Japan's Nikkei 225 was down by 0.9 percent. Hong Kong's Hang Seng index futures were down 0.37 percent.

Source: The Standard February 24, 2021 00:56 UTC