Stocks in Asia were mostly lower on Wednesday as oil prices slipped further into negative territory.
Hong Kong's Hang Seng index was lower by 0.74 percent in late-afternoon trade.
The mainland China markets, which have been closely watched by investors because of the ongoing U.S.-China trade war, saw losses with the Shanghai composite shedding 0.85 percent to close at around 2,632.24 while the Shenzhen composite declined by 0.401 percent to finish the trading day at about 1,378.36.
The country reported industrial output for October was 5.9 percent higher than a year ago, higher than expectations from a Reuters poll. Fixed asset investment for October also came in above expectations at 5.7 percent higher as compared to a year ago. Retail sales in October, however, came in below expectations at 8.6 percent higher year-on-year.
In Japan, however, stocks bucked the overall downward trend for the day. The Nikkei 225 gained 0.16 percent to close at 21,846.48 while the Topix index rose 0.17 percent at 1,641.26.