Major bourses in the Asia Pacific region traded mainly in the red on Wednesday, amid reports about a slight drop in China’s macro leverage ratio due to the COVID-19 outbreaks and worries over slowing economic recovery in the US following the weaker-than-expected jobs data last Friday. The Kospi led the losses (-0.8%), falling for the 2nd session, on a surge in local infections and regulatory risks that hurt technology stocks. Both equities in China (-0.1% and Hong Kong (-0.2%) dropped for the first time in three sessions. Shares in Australia were also down (-0.2%) after the RBA warned Tuesday that the country’s GDP is expected to fall materially in Q3, with the timing and pace of its rebound is likely to be slow. The Nikkei 225 extended gains (0.9%), however, buoyed by an upward revision in Japan’s Q2 GDP figure that confirmed the economy managed to avoid recession.