Asian stocks today: Markets trade in red tracking Wall Street’s losses; Nikkei down almost 800 points, Kospi sheds 1%

Asian markets mirrored Wall Street’s dip on Wednesday, as investors grew concerned about the sustainability of the tech rally. Reports of potential US actions against China’s rare earth curbs and new sanctions on Russia fueled geopolitical jitters. While some corporate earnings disappointed, many companies still exceeded expectations, though a cautious sentiment prevails.