Asian shares on Wednesday followed in the footsteps of Wall Street, which pulled back overnight on disappointing earnings, while the dollar strengthened and oil prices extended this week's losses.
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.7 percent.
Japan's Nikkei share average pared earlier losses and edged up on Wednesday, with a weak yen shoring up market sentiment. The Nikkei rose 0.15 percent to 17,391.84, its highest since April 28.
The index posted its third straight days of gains as the yen weakened to a three-month low against the dollar, supporting exporters' hopes of an earnings boost.
China stocks fell the most in a week on Wednesday, partly driven by lingering concerns over tighter liquidity that pushed up treasury yields, with a correction in resources shares offsetting strength in the healthcare and consumer sectors.
The blue-chip CSI300 index fell 0.4 percent, to 3,354.80, while the Shanghai Composite Index lost 0.5 percent to 3,116.31 points.
Hong Kong stocks fell the most in nearly two weeks on Wednesday, with market sentiment dampened by weakness on Wall Street and in China.
Investors also remained nervous given the U.S. election next month, the Federal Reserve's policy meeting in December, and over the health of China's economy.
The Hang Seng index fell 1.0 percent, to 23,325.43, while the China Enterprises Index lost 1.4 percent, to 9,698.85 poin
Reference: ReutersAsian shares on Wednesday followed in the footsteps of Wall Street, which pulled back overnight on disappointing earnings, while the dollar strengthened and oil prices extended this week's losses.
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.7 percent.
Japan's Nikkei share average pared earlier losses and edged up on Wednesday, with a weak yen shoring up market sentiment. The Nikkei rose 0.15 percent to 17,391.84, its highest since April 28.
The index posted its third straight days of gains as the yen weakened to a three-month low against the dollar, supporting exporters' hopes of an earnings boost.
China stocks fell the most in a week on Wednesday, partly driven by lingering concerns over tighter liquidity that pushed up treasury yields, with a correction in resources shares offsetting strength in the healthcare and consumer sectors.
The blue-chip CSI300 index fell 0.4 percent, to 3,354.80, while the Shanghai Composite Index lost 0.5 percent to 3,116.31 points.
Hong Kong stocks fell the most in nearly two weeks on Wednesday, with market sentiment dampened by weakness on Wall Street and in China.
Investors also remained nervous given the U.S. election next month, the Federal Reserve's policy meeting in December, and over the health of China's economy.
The Hang Seng index fell 1.0 percent, to 23,325.43, while the China Enterprises Index lost 1.4 percent, to 9,698.85 poin
Reference: Reuters
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