• Chinese stocks fell and the Australian dollar skidded on Wednesday after Moody's downgraded its sovereign credit rating on China, adding to worries about the global impact of slowing growth and rising debt in Asia's economic powerhouse.
Shares elsewhere in Asia also slipped, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.3 percent, despite modest gains on Wall Street overnight
• Japan's Nikkei share average rose on Wednesday morning helped by exporters after the dollar gained against the yen, while financials gained ground thanks to a rise in U.S. Treasury yields.
The Nikkei rose 0.4 percent to 19,698.31 in midmorning trade.
• China's main stock indexes recouped earlier losses to end roughly flat on Wednesday, as strong gains in small-caps partially offset Moody's downgrading of China's debt ratings.
The blue-chip CSI300 index .CSI300 was unchanged at 3,424.17 points, while the Shanghai Composite Index .SSEC added 0.1 percent to 3,064.08 points.
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