Asia Markets Waver After Wall St Retreats From Record

Equities wavered Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging from the Federal Reserve on its plans for interest rates.

Investors have enjoyed a months-long rally that has pushed some markets to record highs, but the run-up took a pause Tuesday amid talk that the gains may have gone too far.

All three main indexes in…