Asia markets lost some momentum on Wednesday, closing mixed, while Nintendo shares took a tumble after reports said the launch of the highly popular "Pokemon Go" app in Japan had been postponed.
Japan's benchmark Nikkei 225 closed down 41.42 points, or 0.25 percent, at 16,681.89, after finishing the Tuesday session at a six-week high.
Nintendo shares closed down 12.61 percent, paring some of its more than 16 percent intraday tumble, but that still dwarfed the stock's more than 100 percent surge since the wildly popular "Pokemon Go" mobile app was released on July 6.
Technology news portal TechCrunch said the highly anticipated launch of the app in Japan, the birthplace of Pokemon, has been delayed, after a previous report said the app was set to go live on Wednesday.
TechCrunch, citing sources, said game-maker Niantic decided to postpone the roll out of "Pokemon Go" in Japan after internal communication detailing the launch from McDonald's Japan, the game's sponsor, were leaked on the internet.
In South Korea, the Kospi closed lower by 1.43 points, or 0.07 percent, to 2,015.46. Hong Kong's Hang Seng index advanced 0.91 percent by late-afternoon trade. Chinese mainland markets closed mixed, with the Shanghai composite dropping 8.26 points, or 0.27 percent, to 3,028.33, while the Shenzhen composite finished nearly flat at 2,035.84.
Australia's ASX 200 finished up 37.44 points, or 0.69 percent, at 5,488.70. Most sectors finished up, but the materials sub-index closed down 1.37 percent. Miners remained in focus on the broader index as they released production reports.