Greater China markets traded higher, with Hong Kong's Hang Seng index down 0.53 percent at 3:02 p.m. HK / SIN on the back of earnings in the energy and materials sectors. Before the market close, the index was off its intraday high of 31,021.12 seen earlier in the day.
The Shanghai compound rose 0.56 percent to 3,208.32 and the smallest in Shenzhen added 0.53 percent to finish at 1,850.97.
Meanwhile, in Sydney, the S & P / ASX 200 lost 0.48 percent to finish at 5,828.70 since most of the sub-indices closed. red, although the energy and materials were raised. The heavily weighted financial sector fell 0.96 percent.
The strong gains seen during the night on Wall Street were not translated during the Asian session, with markets in the region with little change in general. MSCI's broad index of shares in Asia Pacific, excluding Japan, was the last to fall 0.02 percent.
The overnight spike in investor sentiment moderated slightly on Wednesday.
Although Tuesday's commercial comments by Chinese President Xi Jinping were a positive development, they were unlikely to instantly resolve the recent trade tensions between the US. UU And China, said Shrikant Bhat, CEO and regional investment manager at Citi.
"It's going to take a while to negotiate, it's not a quick fix, it will be three to six months before everything is resolved," Bhat told CNBC's "Street Signs."
Asian and European markets had rebounded on Tuesday after traders saw the hope of avoiding a trade war in Xi's comments about further opening of China's economy. The policy plans described by Xi include the reduction of tariffs for automobiles and the improvement of the protection of intellectual property rights.
These comments, which dispelled some fears of a commercial war between the United States. UU And China, boosted market confidence in the last session, although analysts said that the measures highlighted by Xi coincided in large part with its previous policy message.
"Seeing is believing, of course … but for now the market chooses to believe that Xi's words will be more than trivialities in the coming months," said Ray Attrill, head of currency strategy at the National Bank of Australia . in a note about the advance of the night of the actions.
Against the safe haven Japanese currency, the dollar cut some gains against the yen amid the improvement in investor confidence overnight. The dollar trades at 107.03 at 2:47 p.m. HK / SIN.
The Australian dollar trimmed part of its gains overnight after winning the rebound in market confidence in the last session. The Australian dollar last quoted at $ 0.77747.
The currency shrugged in large part China's consumer inflation decreased last month. Reuters reported that China's consumer price index in March reached 2.1 percent, below the 2.6 percent increase expected.
Meanwhile, the dollar index, which tracks the dollar against the six currencies, extended losses to trade at 89,502 as the dollar fell further against the euro.
On the commodity front, oil prices fell after jumping more than 3 percent in the previous session.
U.S. West Texas Intermediate lost 0.26 percent to trade at $ 65.34 per barrel and Brent futures fell 0.41 percent to $ 70.75.
In individual shares, shares of SoftBank Group of Japan rebounded 3.45 percent after news that Sprint, owned by SoftBank, has embarked once again on merger talks with T-Mobile. The latest attempt comes after Sprint and T-Mobile concluded the merger talks in November.
On the economic front, China's central bank said it would launch several measures to open up the country's financial services sector by the end of the year. The People's Bank of China also said it would increase the "foreign ownership limits to 51 percent in the securities companies, management of funds, futures and life insurance during [lospróximos[the] in the coming months," Reuters reported.
It should also be noted that Japan's basic machinery orders increased 2.1 percent in February compared to the previous month, beating a median forecast of a 2.5 percent drop in a Reuters survey.
Next, the markets await the publication of the US CPI. UU And minutes of the Federal Reserve during the US time. UU