Asian markets saw mixed trading, with gains in China and Hong Kong offset by losses in Japan, Australia and Taiwan.

Japan's Nikkei 225 fell 1.4% to 62,188.63. Shares of SoftBank Group, an investor in OpenAI, dropped 3.2%, while memory chipmaker Kioxia Holdings declined 5.4%. Kioxia's losses came after its October-December guidance fell short of market expectations.

South Korea's Kospi rose 0.6% to 5,683.80. However, shares of SK Hynix slipped 0.1%, while Samsung Electronics fell 0.7%.

Hong Kong's Hang Seng index gained 1.5% to 23,888.46. China's Shanghai Composite climbed 2.2% to 3,686.17, recovering after touching a yearly low on Tuesday.

Australia's S&P/ASX 200 dropped 0.6% to 8,834.50 after the country's central bank raised interest rates on Tuesday. Taiwan's Taiex declined 0.8%, while India's Sensex gained 0.3%.