Major markets in the Asia-Pacific region fell Wednesday, with investors keeping close tabs on the Turkish lira, Indian rupee and other currencies amid growing questions about how contagious their recent selloffs could become. Stock indexes in mainland China and Hong Kong dropped more than 1% each and Japan fell 0.9%.
Wednesday’s Big ThemeShares of Tencent Holdings Ltd. hit their lowest level in nearly a year at 335 Hong Kong dollars (US$42.68). The Chinese tech giant’s stock is down 17% this year, on track for its worst yearly...