Asian shares fell on Wednesday as investors took profits for a second straight session on concerns that the region's recent rally may be headed for a correction.
The FTSE CNBC Asia 100 index tracks Asia-Pacific's 100 largest companies and has been enjoying a two-week winning streak, having peaked at a two-year high on Tuesday.
Meanwhile, the Nikkei and Australia's benchmark moved away from Tuesday's multi-year highs, while South Korea's Kospi snapped a two-day fall. Hong Kong shares dived 1.4 percent and the Shanghai market posted a fifth-straight daily loss.
Experts say the slight pullback in the market's recent rally is simply nothing more than a pause. "Fatigue was allowed to set in by the absence of any meat and potatoes – hard global economic news that moves markets. But the bull run still looks like it has plenty of legs," said Jason Hughes of IG Markets in a note.