Stocks in Hong Kong rebounded ahead of the conclusion of a U.S. Federal Reserve meeting later in the day, while shares in China gained back some of the ground lost on first two trading days of the week.
In Tokyo, the Nikkei 225 index dropped 38.67 points, or 0.2%, to 20,219.27, its ninth loss in 12 days.
In Hong Kong, the Hang Seng Index recovered 187.09 points, or 0.7%, to 26,753.79.
Hong Kong shares got a lift from expectations that the Fed won't accelerate its rate-raising timeline.
Bank of Communications said after trading hours Tuesday that China’s State Council, the country’s cabinet, has approved plans to deepen its overhaul. Its shares surged 1.6% in Hong Kong. The bank said it would improve on governance, “with Chinese features,” and continue to be state-controlled
Australia & New Zealand Banking Group gained 2.1%, after The Wall Street Journal reported that the company was seeking buyers for some of the loans it has made to commodity trading house Noble Group Ltd.
CHINA
The Shanghai CSI 300 took on 74.01 points, or 1.5%, to 5,138.83
In China, stocks rebounded from a selloff caused by a wave of IPOs sucking liquidity from the market. But investors and analysts are bracing for more volatility.
In other markets
In Korea, the Kospi index regained 6.14 points, or 0.3%, to 2,034.86
In Taiwan, the Taiex lost 22.95 points, or 0.3%, to 9,189.83
In Singapore, the Straits Times Index recouped 27.82 points, or 0.8%, to 3,325.91
The NZX 50 fell 34.67 points, or 0.6%, to 5,779.26
The ASX 200 Index moved up 59.64 points, or 1.1%, to 5,595.43.
