Stocks in Asia were broadly lower on Thursday, as a Fed report hinted at more rate hikes ahead.
The Greater China markets were largely lower, as Hong Kong's Hang Seng index slipped by 0.47 percent in the afternoon.
Over on the mainland, the Shanghai composite dropped by 2.94 percent to close at around 2,486.42 while the Shenzhen composite fell by 2.74 percent to end the trading day at about 1,232.01, with shares of Chinese oil giant PetroChina plunged almost 8 percent.
In Japan, the Nikkei 225 was lower by 0.8 percent to close at 22,658.16, while the Topix index slipped 0.54 percent to end the trading day at 1,704.64. Earlier on Thursday, data showed thatJapan's exports fell in September for the first time since 2016 as shipments to the United States and China declined, adding to concerns about the broadening impact of an escalating Sino-U.S. trade war.
One economist, however, said the decline in exports was probably "temporary."
Speaking with CNBC on Thursday, Kazuo Momma, an executive economist at Mizuho Research Institute, said natural disasters had caused "a huge disruption on supply chain and some industry production and also transport in September."
"I am expecting some fairly reasonable bounce back in October and possibly in November," he added.
Over in South Korea, the Kospi fell by 0.89 percent to close at 2,148.31, with shares of chipmaker SK Hynix dropping by 2.41 percent. The country's central bank had earlier opted to keep monetary policy steady.
The ASX 200 ended the trading day Down Under slightly higher at 5,942.4. The heavily weighted financials subindex was 0.45 percent higher, while the energy sector recovered partially from its earlier losses but still saw a decline of 0.15 percent and materials fell by 0.67 percent.
Jobs data in Australia showed employment numbers for the month of September falling short of expectations from a Reuters poll. The unemployment rate declined by 0.3 percent from the previous month to 5.0 percent.
That employment data "is volatile and can have a short term impact on the currency," said an ANZ Research note in the morning.
"Our bias continues to favour trading AUD with a cautious tone given simmering global risks," it said.
The Australian dollar was at $0.7126, following a slide from above 0.715 in the previous session.