Asian markets ended mostly lower on Wednesday as hopes for a coordinated production cut by OPEC faded and investors fretted over additional pressure on bank earnings in 2016. Trading sentiment remained sluggish after the major US averages fell over 1 percent overnight amid a spate of worries ranging from lower oil prices to bad loans in the energy sector. Japanese shares hit a one-week low, with sentiment dampened by a stronger yen, weaker U.S. and European data and the oil price decline after both Iran and Saudi Arabia ruled out a deal by major producers to cut oil output. Chinese shares ended higher on hopes that the upcoming meeting by China's legislature starting March 5 will result in more stimulus.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,928.90 | 25.56 | 0.88 |
| Hang Seng | 19,192.45 | -222.33 | -1.15 |
| Jakarta Composite | 4,657.72 | 3.67 | 0.08 |
| KLSE Composite | 1,664.17 | -13.11 | -0.78 |
| Nikkei 225 | 15,915.79 | -136.26 | -0.85 |
| Straits Times | 2,619.96 | -52.11 | -1.95 |
| KOSPI Composite | 1,912.53 | -1.69 | -0.09 |
| Taiwan Weighted | 8,282.86 | -51.78 | -0.62 |
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