Asia Pacific shares traded mixed on Thursday, despite strong quarterly earnings in the U.S. and after the U.K. government won a parliamentary confidence vote. Worries over China likely weighed on market sentiment.
Japan's Nikkei 225 erased early gains of near 0.3 percent to close down 40.48 points, or 0.2 percent, at 20,402.27 while the Topix index added 5.43 points, or 0.35 percent, to 1,543.2.
The yen, considered a safe-haven asset, strengthened against the dollar, trading at 108.85 at 3:03 p.m. HK/SIN, climbing from an earlier session low of 109.12.
Markets in the Greater China region were mostly down: Hong Kong's Hang Seng Index fell about 0.5 percent in late-afternoon trade. On the Chinese mainland, the Shanghai composite index fell 0.42 percent while the Shenzhen composite and Shenzhen component indices declined around 0.9 percent each.
The on-shore yuan traded at 6.7644 to the dollar. Prior to the market open, China's central bank set the yuan mid-point at 6.7592. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2 percent from the official mid-point rate it sets daily.