Asia-Pacific markets traded mixed on Wednesday as Wall Street's earnings season continued and U.S. Federal Reserve officials delivered mixed signals on future rate hikes.
Atlanta Federal Reserve President Raphael Bostic told CNBC that he sees one more rate hike of 25 basis points, before pausing to see its impact on the economy. This would take the U.S. Federal Funds rate to 5% to 5.25%.
Bostic's words come as St. Louis Federal Reserve President James Bullard told Reuters that he favors a higher terminal rate of between 5.50% and 5.75%.
Australia's S&P/ASX 200 closed marginally up at 7,362.3, while Japan's Nikkei 225 dipped 0.18% to end the day at 28.606.76. The Topix fell 0.02% to finish at 2,040.38.
South Korea's Kospi rose 0.16% to end at 2,575.08, while the Kosdaq was also up marginally and closed at 909.2.
Mainland Chinese markets were all lower, with the Shanghai Composite down 0.68% to finish at 3,370.13 and the Shenzhen Component fell 0.84% to close at 11,760.27. Hong Kong's Hang Seng index was 1.23% lower, and the Hang Seng Tech index lost 2.3%.
Overnight in the US, all three major indexes traded close to the flatline as investors digested earnings reports, including from Goldman Sachs and Bank of America. The S&P 500 was up 0.09%, the Dow Jones Industrial Average dipped 0.03%, and the Nasdaq Composite down 0.04%.
— CNBC's Samatha Subin and Sarah Min contributed to this report