Asia stocks were under pressure on Wednesday amid concerns over falling oil prices and Chinese growth, but Japanese markets continued to outperform the region.
Brent crude extended losses into a fifth session after hitting a four-year low on Tuesday after Saudi Arabia lowered the price of oil exported to the United States on Monday, while increasing the cost to Asia and Europe.
"While oil prices have been a talking point lately, following sharp declines, they could easily snap back and just as easily spike once the current driving forces are out of the way. As a result, I don't find this to be a huge investment threat and don't feel this necessarily changes the [data dependent] themes dominating markets," said Stan Shamu, market strategist at IG.
Investors were also keeping an eye on U.S. mid-term elections, which saw the Republican Party win control of the Senate.
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