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• Asian markets traded mixed on Wednesday afternoon, reversing some of the earlier losses, while oil prices remained under pressure after data overnight showed a build-up in U.S. crude inventory.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJPUS was up 0.1 percent in late trade, after spending most of the session in the negative territory.

• Japan's Nikkei share average edged up on Wednesday, swinging away from earlier losses as the yen's recent rise against the dollar stalled and upbeat earnings helped shore up market sentiment.

The Nikkei closed percent higher at 19,007.60

• China stocks edged lower on Wednesday, after foreign exchange reserves fell below a psychological level, weighing on already fragile investor sentiment amid tightening signals from the central bank.

On the mainland, both the CSIindex and the Shanghai Composite Index fell 0.3 percent to 3,354.59 points and 3,142 points, respectively.

• Hong Kong stocks erased early losses and closed at 3-1/2-month highs on Wednesday, boosted by shares of China property developers and brokers.

The benchmark Hang Seng index ended up percent at ,points, while the Hong Kong China Enterprises Index gained 11 percent to 9,955.34

Reference: CNBC, Reuters