Asia markets ended mixed on Wednesday, following a turbulent trading session where stocks seesawed between gains and losses.
The mainland Chinese indexes finished mixed, as the gained 0.33 percent to close at 2,603.30 while the Shenzhen composite fell 0.23 percent at about 1,297.22 after a day of volatile trading.
Meanwhile, Hong Kong's Hang Seng index slipped 0.38 percent to close at 25,249.78.
Japan's recovered from earlier losses to close 0.37 percent higher at 22,091.18. The Topix also saw slight gains by the end of the trading day to finish at 1,652.07 after earlier touching lows not seen since Sept. 2017.
Shares of automaker Subaru fell 7.02 percent after the company slashed its operating income estimate for the first half of the fiscal year ending Mar. 31, 2019.
Over in South Korea, the Kospi slipped 0.4 percent to close at 2,097.58. Major heavyweights like Samsung Electronics and SK Hynix declined. Samsung shares fell 1.16 percent while SK Hynix declined 3.47 percent after dropping more than 4 percent earlier.
Shares of steelmaker Posco rose 1.92 percent after posting its highest quarterly profit since 2011 on the back of higher steel prices.
Speaking with CNBC's "Street Signs" on Wednesday, Daniel Yoo, head of global strategy at Kiwoom Securities, said that South Korea is currently the "cheapest market in the world."
Yet, Yoo said, the question remains whether "there will be any momentum for the stock market," with investors concerned about issues ranging from the country's heavy reliance on the information technology sector to corporate governance.
In Australia, the ASX 200 struggled for gains, closing lower by 0.24 percent at 5,829 as the heavily-weighted financial sector rose 0.14 percent. The energy subindex was down 2.07 percent as oil stocks sold off.
Oil prices gyrated between gains and losses during Asian hours, following sharp declines overnight. Global benchmark Brent fell 0.12 percent to $76.35 per barrel while the U.S. crude futures contract was fractionally lower at $66.41 per barrel.
Saudi Arabia said on Tuesday that it would continue to meet demand for crude despite the looming U.S. sanctions that are expected to reduce oil exports from Iran, according to Reuters.
U.S. stocks finished lower overnight following a wild day on Wall Street.
The Dow Jones Industrial Average was at one point 500 points lower, but closed the session down by 125.98 points at 25,191.43 while the stood 0.55 percent lower at 2,740.69 at the final bell. The Nasdaq Composite shed 0.4 percent to finish at 7,437.54.
The U.S. and China have implemented tariffs on billions of dollars worth of their goods this year, increasing costs for companies and raising fears that tighter global trade conditions could slow down the global economy.
Negotiations between the two countries have stalled recently, though National Economic Council Director Larry Kudlow said on Tuesday that the presidents of the two economic powerhouses will "meet for a bit" at next month's G-20 summit in Buenos Aires, Argentina.
The U.S. dollar index, which tracks the greenback against a basket of currencies, was at 96.143 in the afternoon, climbing from an earlier low of 95.909.
— CNBC's Fred Imbert and Reuters contributed to this report.