Hong Kong stocks turned in their strongest performance of the year on Tuesday, gaining nearly 4% on news that a controversial extradition bill that sparked months of protests would be completely withdrawn.
Asian markets dropped on Wednesday after US President Donald Trump criticized China in a series of tweets, adding to worries over trade negotiations that resumed recently in Shanghai.
The escalating trade war between the United States and China hit stocks in Asia on Tuesday but markets in Europe and the United States were spared further losses.