Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains

Asian shares dropped Wednesday after Wall Street started 2024 with a slump, giving back some of its powerful gains from last year. U.S. futures were lower and oil prices were little changed. Prices of Chinese gaming companies rose, with Tencent Holdings and Netease both adding over 1% following local reports that a senior official responsible for overseeing China’s gaming industry had been dismissed after the release of draft regulations last month spurred a meltdown in gaming stocks just days before Christmas.