The Asian markets slipped into red early Wednesday due to decline in Wall Street. All the major Asian markets saw a downward trend. The Nikkei 225 index declined 1.1% to 17,061.31 and the broader Topix index fell 1.2% to 1,686.01.

Australia's S&P/ASX 200 fell as much as 1.5% to 6,054.40, New Zealand's NZX 50 slipped 0.8% to 4,180.43, while South Korea's Kospi dropped 1.8% to 1,898.41. Singapore's Straits Times slipped 1.30%( 45.99 points) to 3,501.67 while Taiwan Weighted slipped 0.38%( 34.84 points) to 9,252.41. Shanghai Composite was up though by 0.37% (16.322 points) to 4,487.354.

On Wall Street, the Dow Jones Industrial Average closed 146.3 points lower at 13,212 while the S&P 500 fell 18.64 points to 1,455.27 and the Nasdaq 100 dropped 37.01 points to 2,546.27.