Asia-Pacific markets are set to fall on Wednesday mirroring moves on Wall Street after a decline in U.S. banks. Shares of JPMorgan Chase and Wells Fargo dropped 2%, and Bank of America dropped 3%. The action came after Fitch warned it may have to downgrade credit rating dozens of banks, including JPMorgan Chase. Futures for Hong Kong's Hang Seng index stood at 18,360, pointing to a weaker open compared to the HSI's close of 18,581.11. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,168 compared to the last close of 7,305.6.

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Persons: Wells Fargo, Fitch, Moody's Organizations: Bund, JPMorgan Chase, Bank of America, Asia Japan's Nikkei Locations: Shanghai, China, Asia, Pacific, U.S, Chicago, Osaka, Australia