Asian stocks were mixed in volatile trade on Wednesday as investors in Tokyo and Shanghai continued to worry about strained liquidity conditions in the mainland, despite reassurance from China's central bank.
Japan's Nikkei fell1 percent while the Shanghai Composite closed down 0.4 percent after tumbling as much as 2 percent earlier in the session. Amid gainers, South Korea's Kospi moved off the previous day's eleven-month low and Australian equities were the session's out performer, rallying 1.5 percent.
Upbeat U.S. home and durable goods orders data overnight also helped bolster sentiment, reassuring nervous investors about the Federal Reserve's plans to roll back its economic stimulus program.