MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS shed earlier gains to trade down0.2 percent. Volumes were low in some markets ahead of year-end holidays.
Japan's Nikkei share average rose on Tuesday after the market digested the Bank of Japan's decision to maintain current monetary policy, while the yen's fall versus the dollar lifted overall sentiment.
The Nikkei gained 0.5 percent to 19,494.53, the highest closing level since early December in 2015.
China stocks slid on Tuesday, as the authorities tightened regulations to prevent financial risks and asset bubbles.
The blue-chip CSI300 index fell 0.6 percent, to 3,309.06 points, a two-month low, while the Shanghai Composite Index lost 0.5 percent to 3,102.88 points, the lowest since early November.
Hong Kong stocks fell to five-month lows in thin trading on Tuesday, mainly hurt by weakness in mainland companies listed in the city.
The benchmark Hang Seng index extended early losses and fell 0.5 percent, to 21,729.06 points, its lowest close since July 19.
The Hong Kong China Enterprises Index, which tracks Hong Kong-listed Chinese firms, lost more, taking its cue from sluggish mainland markets. Chinese markets fell after Beijing's move to tighten supervision of shadow banking activities on Monday, adding to concerns of tighter credit ahead.
Reference: Reuters
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