Asian stock markets were mixed on Wednesday as profit-taking offset a positive lead from Wall Street overnight.
Upbeat U.S. data sent Wall Street shares higher on Tuesday. Existing home sales hit an eight-month high in June while the consumer price index rose 0.3 percent in the month after a 0.4 percent rise in May.
Traders also said sentiment improved with tensions easing in Ukraine after pro-Russian rebels handed over bodies from the Malaysia Airlines crash site along with the black boxes on Tuesday.
"A combination of U.S. earnings optimism, positive U.S. economic data and a slight downgrade to Russia risk has ignited [Asian] markets today," said Stan Shamu, market strategist at IG in a note.