chip Hang Seng Index dropped 132.58 points, or 0.94 percent, to 13,957.94. On Tuesday, the Hang Seng lost 21.13 points, or 0.15 percent. Elsewhere: JAKARTA: Indonesian shares advanced as traders bought companies with small market capitalization. The Composite Index edged up 3.01 points, or 0.3 percent, to 1,102.93. KUALA LUMPUR: Malaysian shares tracked the drop of U.S. stocks. The Composite Index of 100 blue chips edged down 5.07 points, or 0.6 percent, to 899.68. MANILA: Philippine shares rose in a technical rebound. The 30-company Philippine Stock Exchange Index gained 50.51 points, or 2.5 percent, closing at 2,042.78. SEOUL: South Korean shares were weighed down by losses in U.S. markets and the local currency's strength against the greenback. The Korea Composite Stock Price Index, or Kospi, declined 9.37 points, or 1.0 percent, to 968.43. SHANGHAI: Chinese shares inched up as expectation of positive news from an upcoming legislative session outweighed early selling. The Shanghai Composite Index climbed 0.20 point, or 0.02 percent, to 1,309.48. SINGAPORE: Singaporean shares were hurt by Wall Street's decline, high oil prices and a police investigation into a local company. The Straits Times Index dropped 10.31 points, or 0.5 percent, to 2,136.42. SYDNEY: Australian shares were dragged lower by Wall Street's Tuesday losses. The S&P/ASX 200 lost 34.10 points, or 0.8 percent, ending at 4,119.20. TAIPEI: Taiwan's shares were lifted by bargain hunting. The Weighted Price Index rose 14.35 points, or 0.2 percent, to 6,121.52. WELLINGTON: New Zealand shares dipped as losses in other markets and a strong local currency hurt sentiment. The NZSX-50 gross index fell 16.07 points, or 0.5 percent, to 3,146.32. Markets in Bangkok were closed for a holiday.
