Asian stocks tried to stabilize after a rocky November month drew to a close, but Wednesday's session brought new anxieties as Chinese equities and commodities tanked amid worries that Beijing's efforts to support its currency could squeeze liquidity.
The decline in Chinese stocks weighed on regional markets with MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS trimming early gains to be up 0.2 percent.
Japanese stocks ended nearly flat on Wednesday as most investors stayed on the sidelines ahead of an OPEC meeting later in the day to decide on production cuts and a crucial weekend referendum in Italy.
The Nikkei share average was flat at 18,308.48.
China's blue-chip stock index slid on Wednesday, snapping a 7-session winning streak, as raw material stocks tanked after commodity prices were hit by fears of a liquidity squeeze.
The blue-chip CSI300 index fell 0.7 percent, to 3,538.00 points, while the Shanghai Composite Index lost 1 percent to 3,250.03 points.
Reference: Reuters
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