Asia stocks drop after Wall Street losses

On Wednesday, Asian shares sagged in early trade, following in the footsteps of Wall Street, that dared to pull back on dismal earnings, while the evergreen buck inched down from a seven-month peak and oil fell.

MSCI's broadest index of Asia-Pacific stocks outside Japan went down 0.3%.

Japanese Nikkei fell 0.2%, while South Korean KOSPI sagged 0.8% and Australia dipped 1.4%.

American stocks concluded Tuesday down between 0.3%-0.5%, as results as well as forecasts from companies in sectors including housing as well as consumer products missed hopes.

Apple dragged the stock market lower too, as iPhone sales, that were better than expected, kept driving a declining trend. Additionally, the company forecast slimmer-than-expected revenue margins over the approaching holiday season.

The US stock drops followed a mixed performance in the EU, with British shares closing +0.45%, German stocks standing still after its greatest peak this year and French benchmarks dropping 0.3%. The broader European STOXX 600 lost 0.3%. 

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