Stock market today: Asian shares slip in cautious trading following a weak close on Wall Street

Shares are mostly lower in Asia after Wall Street’s rally ran out of momentum. Tokyo and Mumbai advanced while most other major markets declined. U.S. futures were little changed and oil prices edged downward. In New York, stocks drifted lower a day after hitting their highest level since the start of August. The S&P 500 fell 0.2% Tuesday for its third loss in the last 17 days. Trading was tapering off ahead of holidays in the U.S. and Japan on Thursday, with few data releases to drive activity. But news that ChatGPT-maker OpenAI’s ousted CEO, Sam Altman, was going to return to the company could spur some fresh movement in technology shares.