Among various other heavyweights, Fanuc Manufacturing fell 1.38 percent. Fast Retailing shed 0.1 percent by the end of the session.
Meanwhile, fourth-quarter Japan gross domestic product data released on Wednesday showed the economy grew at an annualized 0.5 percent, below a median forecast of 0.9 percent, Reuters reported.
Across the Korean Strait, the Kospi advanced 1.11 percent to close at 2,421.83, with Samsung Electronics extending gains along with climbing 3.07 percent. various other technology names were mixed: SK Hynix slipped 0.13 percent along with LG Electronics lost 2.02 percent on the day.
Shares of Lotte Corporation closed down 6.02 percent after Lotte Group Chairman Shin Dong-bin was sentenced to two years along with six months of jail as part of a wider political scandal in South Korea. Lotte Shopping stock ended the day lower by 2.28 percent.
Down Under, the S&P/ASX 0 shed 0.25 to close at 5,841.2, with the heavily weighted financials sub-index dragging on the broader index. The sector edged down by 0.72 percent as most of Australia’s “Big Four” banks closed the session lower: Commonwealth Bank of Australia fell 3.04 percent along with ANZ was lower by 0.29 percent.
In various other individual stocks, Australian department store operator Myer jumped 4.67 percent after the retailer announced Wednesday in which Chief Executive Richard Umbers was stepping down. The search for Umbers’ replacement has commenced immediately, Myer said in a statement.
Greater China markets were in positive territory, although trade was thin ahead of the Lunar brand-new Year holidays. Hong Kong’s Hang Seng Index rose 1.73 percent by 3:00 p.m. HK/SIN, with financials logging a strong performance. China Construction Bank added 4 percent to contribute 106 points to the benchmark’s 532.52-point gains around an hour before the market close. HSBC gained 2.26 percent along with insurer AIA rose 1.06 percent at 3:03 p.m. HK/SIN.
Tech heavyweight Tencent rose 2.23 percent, as did most various other technology sector shares. Sunny Optical advanced 4.03 percent by 3:05 p.m. HK/SIN.
Mainland markets carved out moderate gains ahead of the long Lunar brand-new Year holiday despite slight declines seen earlier inside day. The Shanghai composite tacked on 0.46 percent to close at 3,199.48 while the Shenzhen composite gained 0.48 percent to end at 1,739.15.
Mainland China markets will close through Feb. 15 to Feb. 21 while Hong Kong markets will be shut through Feb. 16 to Feb. 19 for the Lunar brand-new Year. various other regional markets, including South Korea, Taiwan along with Singapore, will also finish the week early due to the holiday.
Vietnam’s markets were closed on Wednesday for the Lunar brand-new Year holidays.
Meanwhile, markets awaited the Discharge of U.S. inflation data on Wednesday during U.S. hours.
“A strong U.S. core CPI would certainly likely lead to lower global equity prices, higher U.S. bond yields, along that has a stronger dollar against most currencies with the possible exception of the safe haven Swiss franc along with yen,” Joseph Capurso, a currency strategist at Commonwealth Bank of Australia, explained in a morning note.
In currencies, the dollar index, which tracks the U.S. currency against a basket of six rivals, extended losses to trade at 89.519 by 3:06 p.m. HK/SIN. in which was below the 0 handle seen earlier in which week.
Meanwhile, the yen rose to its highest levels in fifteen months earlier inside session. The dollar last traded at 107.23 after slipping as low as 106.82 earlier.
Earlier on Wednesday, Chief Cabinet Secretary Yoshihide Suga said the Japanese government would certainly watch moves inside market along with noted in which foreign exchange stability was key, Reuters reported.
Elsewhere, the Dow Jones industrial average closed higher by 39.25 points, or 0.16 percent, at 24,640.45 after slipping as much as 180.24 points on Tuesday. various other major U.S. indexes also closed with gains.
Those gains were a continuation of the rebound through massive losses seen last week: Major U.S. indexes closed in correction territory on Thursday last week after sliding more than 10 percent below their 52-week highs. Markets had been concerned about rising interest rates influencing the Federal Reserve’s interest rate hike path.
A survey through Bank of America Merrill Lynch Global Report released Tuesday found in which there was a record one-month increase inside net percentage of investors who said they were taking out protection against a sharp fall in equity markets inside next three months.
On the commodities front, oil prices were steady after settling little changed inside last session as markets focused on global oil supply along with the softer dollar.
U.S. West Texas Intermediate slipped 0.1 percent at $59.13 per barrel. Brent crude futures edged up 0.08 percent to trade at $62.77.