Asia-Pacific shares are poised to slip on Wednesday after major U.S. indexes fell more than 1% each overnight on concerns about a recession weigh on markets.
. The Australian Bureau of Statistics is expected to release third-quarter gross domestic product data later in the day.
The S&P 500 shed 1.44% to close at 3,941.26, while the Nasdaq Composite sank 2% to finish at 11,014.89. The Dow Jones Industrial Average dropped 350.76 points, or 1.03%, to settle at 33,596.34.Oil prices slumped Tuesday, weighed down by economic uncertainty even amid a Russian oil price cap and potential demand uptick thanks to China's reopening.
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