Resource stocks led a decline across most Asian-Pacific markets Wednesday, as China's interest-rate increase persuaded traders to scale back their exposure to equities. Japan's Nikkei 225 dropped 1.7%, Australia's S&P/ASX gave up 0.7% and Hong Kong's Hang Seng Index lost 0.9%. China's Shanghai Composite inched up 0.1%, South Korea's Kospi Composite gained 0.7% and Taiwan's Taiex moved up 1%. New Zealand's NZX 50 slid 0.5%, while Singapore's Straits Times Index was down 0.4% and India's Sensex edged down 0.1% in afternoon trading.
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