Chinese markets led gains in a mixed session for major Asian bourses on Wednesday
In Japan, the Nikkei 225 recovered 60.58 points, or 0.4% to 15,919.58,
In Hong Kong, the Hang Seng Index regained 79.99 points, or 0.4%, to 20,467.52
Most other Asian markets also reversed morning losses, despite continued jitters over the possibility the U.K. may opt to exit the European Union as well as concerns over the outcome of the Fed meeting, due later, and the Bank of Japan's meeting ending Thursday.
The Japanese yen weakened relatively against the U.S. dollar, trading at 106.25, compared with a earlier low of 105.91.
In company news, shares of Virgin Australia tumbled 11.9% to A$0.260, after the company said it plans to raise 852 million Australian dollars ($625 million U.S.) through an equity rights issue, which would bring its recent fund raising efforts to about A$1 billion. Under the rights issue, stock will be offered at A$0.21 a share, a sharp discount to Tuesday's close at A$0.295.
CHINA
The Shanghai CSI 300 moved higher 40.39 points, or 1.3%, to 3,116.37, shrugging off a decision by stock index provider MSCI on Tuesday to delay inclusion of mainland-traded Chinese A shares in its key emerging market index.
The MSCI's decision on A-shares came after international institutional investors clearly indicated that they would like to see further improvements in accessibility to China's market.
Before market open, the People's Bank of China guided the yuan's mid-point fix to 6.6001 against the U.S. dollar, its lowest levels since early 2011.
The on-shore dollar/yuan pair traded at 6.5925, compared with an intra-day high of 6.6043, while offshore yuan traded at 6.6058 to the dollar.
In other markets
In Korea, the Kospi slid 3.2 points, or 0.2%, to 1,968.83
In Singapore, the Straits Times Index recouped 5.92 points, or 0.2%, to 2,774.25
In Taiwan, the Taiex index hiked 30.25 points, or 0.4%, to 8,606.37
In New Zealand, the NZX 50 gained 34.6 points, or 0.5%, to 6,869.55
The ASX 200 shed 56.21 points, or 1.1%, to 5,147.06
