A Chinese flag flies outside a residential compound in Beijing on April 30, 2017.
Greg Baker | Afp | Getty Images
Asia-Pacific markets extended their declines on Wednesday, ahead of a slew of economic data from China.
Investors will also assess the Reuters Tankan manufacturing index for January, which saw business sentiment among large Japanese companies slide for the first time in four months.
The monthly Reuters Tankan survey is widely considered a leading indicator of the Bank of Japan’s official quarterly Tankan survey that assesses business conditions in the country.
In Australia, the S&P/ASX 200 fell for a fourth day, down marginally.
In contrast, Japan’s Nikkei 225 rebounded, with the index gaining 1.24% and the broad-based Topix up 0.92%
South Korea’s Kospi was down 0.46%, while the small-cap Kosdaq dipped 1.1%.
Futures for Hong Kong’s Hang Seng index stood at 15,793, pointing to a weaker open after the index led losses in Asia on Tuesday, closing at 15,865.92.
Overnight in the U.S., all three major indexes fell as bond yields ticked higher and Wall Street pored through the latest batch of fourth-quarter earnings.
The benchmark 10-year Treasury note yield climbed more than 11 basis points to 4.064% after Federal Reserve Governor Christopher Waller indicated in a speech that the central bank could ease monetary policy slower than Wall Street had anticipated.
The Dow Jones Industrial Average declined 0.62%, while the S&P 500 slipped 0.37% and the Nasdaq Composite dropped 0.19%.
— CNBC’s Sarah Min and Alex Harring contributed to this report