Global markets today, Aug. 27 -- Asian markets mostly declined for second session straight on Wednesday despite overnight gains on Wall Street.

Japan's Nikkei 225 edged down 0.17 per cent, while the Topix dropped 0.3 per cent. South Korea's Kospi slipped 0.17 per cent, and the small-cap Kosdaq fell 0.16 per cent.

In contrast, Australia's S&P/ASX 200 rose 0.23 per cent.

Futures for Hong Kong's Hang Seng index were at 25,626, indicating a higher opening compared to the previous close of 25,524.92.

The Indian stock market will remain closed on Wednesday on the occasion of Ganesh Chaturthi. Indian markets will remain in focus tomorrow as new U.S. tariffs take effect, with the country now facing additional duties of up to 50% on exports to...