Japanese stocks were down as investor confidence slumped despite revised third quarter gross domestic product (GDP), the broadest measure of economic health, showing the economy was not in a recession.
The Nikkei 225 closed down 205 points or 1.04 percent lower at 19,492.
Reports showed the revised Q3 GDP grew 1 percent on-quarter, on an annualized basis. The number beat previous estimation of a 0.8 percent contraction during the same period. The capital spending component saw an upward revision of 0.6 percent on-quarter against the previous estimate of a 1.3 percent decline.
Blue chip stocks ended the session in negative territory, with shares in Toyota, Sony, Mitsubishi Electric, and Toshiba down between 1.3 and 3 percent.
The yen traded at 123.08 against the dollar.
The South Korean market was down as well, with the Kospi ending 15 points or 0.75 percent lower at 1,949.
Shares in Samsung Electronics closed unchanged after trimming gains from the morning session while Samsung C&T fell in the red in the afternoon, closing 0.35 percent lower.
Samsung Engineering ended up 14 percent after Reuters reported Jay Lee, heir to the Samsung Group and also vice chairman of Samsung Electronics, will buy up to 300 billion won worth of shares in the company if its rights issue was not fully subscribed.
The struggling firm had earlier announced a 1.2 trillion won ($1.02 billion) rights issue.
The broader Samsung Group also faces a probe from South Korea's financial regulatory body on allegations of insider trading and market manipulation during the merger of Samsung C&T and Cheil Industries earlier this year. A report by local Yonhap news agency said nine executives linked to the merger were being investigated.