Stocks in Asia-Pacific slipped in Wednesday morning trade, with some markets in the region closed for holidays.
The Nikkei 225 in Japan fell 1.79% in early trade while the Topix index slipped 1.18%.
Australia’s S&P/ASX 200 also declined 0.65%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% lower.
In corporate developments, Singapore Airlines is set to announce its full-year results on Wednesday.
Markets in Hong Kong and South Korea are closed on Wednesday for holidays.
The best value Chinese internet stocks may be some of this year’s worst performers, Citi says
These Chinese internet companies have enormous potential given the size of their markets and opportunities in those regions, said David Bailin, who is also the firm’s global head of investments.
“If you compare some of these companies to like-for-like American tech companies, they are far cheaper. Their addressable market is far larger and the actual impact that they could have — because of the absence of a lot of normal infrastructure, retail infrastructure — is pretty extraordinary,” Bailin said on CNBC’s “Squawk Box Asia” on Tuesday.
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