Asian stocks ended mixed Wednesday, as markets failed to sustain an earlier recovery. Japan shed 1 percent despite spending most of the session in positive territory. Australia also closed lower.
The Nikkei 225 Average extended losses for the sixth day after banks including Mitsubishi UFJ Financial Group failed to sustain earlier gains as investors were quick to book profit amid thin trade. Chip-related firms such as Advantest and Tokyo Electron were among stocks dragging down the market after they fell on weak order data.
Australian shares finished 0.3 percent lower, falling for a sixth straight session, as Commonwealth Bank of Australia and other lenders declined on worries about the money
they have lent to the battered property sector. Centro Properties Group rose 49.7 percent to A$1.21, partly helped by comments that it was still viable. It had slid 86 percent in the previous two days