Shares in the Asia-Pacific were mixed on Wednesday following a second day of gains in major U.S. indexes.
The Hang Seng index in Hong Kong fell around 2.38% to 16,511.28, with the Hang Seng Tech index slipping 4.19% following leader John Lee's policy address. Mainland China's Shanghai Composite shed 1.19% to 3,044.38 while the Shenzhen Component lost 1.43% to 11,027.24.
South Korea's Kospi declined 0.56% to close at 2,237.44. The Nikkei 225 in Japan added 0.37% to 27,257.38 and the Topix gained 0.19% to 1,905.06. The Japanese yen remained above 149 against the U.S. dollar, touching a new 32-year high of 149.48 per dollar.
In Australia, the S&P/ASX 200 gained 0.31% to 6,800.10. MSCI's broadest index of Asia-Pacific shares outside Japan was around 1% lower.
China was due to release home prices data Wednesday, but the release has been delayed. Indonesia's central bank starts a two-day board of governors meeting Wednesday.
Overnight in the U.S., strong earnings reports fueled stock gains for a second session. The Dow Jones Industrial Average added 337.98 points, or 1.12%, to close at 30,523.80. The S&P 500 advanced 1.14% to 3,719.98. The Nasdaq Composite gained 0.90%, finishing at 10,772.40.
"Equities rallied for a second day in a somewhat choppy session as investors weigh up the earnings outlook against rising interest rates," ANZ Research analysts wrote in a note.
— CNBC's Jesse Pound and Carmen Reinicke contributed to this report.