Asian stocks closed mixed after bouncing between gains and losses in volatile trade on Tuesday amid fears of a possible confrontation with Syria and as emerging markets were sharply sold-off.
Amid emerging markets, Philippines' PSE Composite slumped over 4 percent to a two-month low after imports fell to a four-month low in June. Indonesia's Jakarta Composite meanwhile, declined 3 percent and Thailand's SET Index fell 2 percent.
U.S. Secretary of State John Kerry instilled fears of a potential military attack against Syrian President Bashar al-Assad's regime after he said that all nations must stand up for accountability on the use of chemical weapons in the Middle Eastern nation. His comments sent all three U.S. major indices to negative territory with the Dow Jones Industrial Average closing below the psychologically-important 15,000 level.