Asian shares pulled back from a one-year high and the dollar strengthened on Wednesday, after an influential Federal Reserve official said interest rates could rise as soon as September.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.3 percent
Japanese stocks bounced on Wednesday after sliding the previous day, though the recovery was contained by a backdrop of cautious trading after hawkish comments from U.S. Federal Reserve officials sent the yen to a seven-week high overnight.
The Nikkei rose 0.9 percent to 16,745.64.
China stocks barely moved on Wednesday, the day after China approved the launch of a long-anticipated stock trading link to allow stock trading between Hong Kong and Shenzhen, the world's second-busiest, and tech-heavy, exchange.
The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.2 percent to 3,373.05, while the benchmark Shanghai Composite Index was flat at 3,110.23.
Reference: Reuters
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