Asian share markets drifted lower on Wednesday as anxiety mounted ahead of another batch of Chinese data while strength in the US dollar kept the screws on global commodity prices.
Markets will be vulnerable to any whiff of disapp
Asian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates to shore up faltering growth.
The prospect of a delay in the US Federal Reserve's plan to raise interest rates and signs of some stability in oil and commodity markets boosted Asian stocks on Tuesday.
MSCI's broadest index of Asia-Pacific shares outsid
Most Asian stock markets rallied on Wednesday after sliding to three-year lows but concerns lingered over a weak outlook for commodities and China's economic growth.
MSCI's broadest index of Asia-Pacific shares outside Jap
Sentiment at Asia's biggest firms tumbled in the third quarter at record pace due to growing worries about the economic slowdown in China and the risks it poses to the global outlook, a Thomson Reuters/INSEAD survey showed.
Asian stocks fell on Wednesday as fears of an entrenched global economic slowdown gripped investors, underlined by a weak factory survey from China, while the greenback firmed as investors fled to relatively safe-haven assets.
Asian shares struggled on Tuesday as caution reigned ahead of this week's US Federal Reserve decision on interest rates, while the yen edged higher after the Bank of Japan refrained from any new policy steps.
Asian shares caught a tailwind on Wednesday after upbeat German economic data powered gains in US and European markets, while the safe-haven yen skidded as investors' mood turned positive.
MSCI's broadest index of Asia-Pac
Asian shares fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble.
Volatile global markets showed signs of a respite from the recent blood-letting on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China's economy was risking a hard landing, with Chinese shares losing a