Asia-Pacific stocks mixed after Wall Street bounces back

SINGAPORE — Shares in the Asia-Pacific region traded mixed on Wednesday, as Wall Street bounced back after a turbulent week.

Japan's Nikkei 225 gave up early gains to sit below the flatline, while the Topix was 0.08% higher.

The S&P/ASX 200 in Australia advanced 0.24%.

In South Korea, the Kospi fell 1.08%, while the Kosdaq was declined 1.09%.

Major indexes in the U.S. jumped on Tuesday after weeks of declines. The Dow Jones Industrial Average gained 641.47 points or 2.15% to 30,530.25, while the S&P 500 rose 2.45% to 3,764.79. The tech-focused Nasdaq advanced 2.51% to 11,069.302.

The Bank of Japan, after maintaining its ultra-low interest rates last week, released the minutes from its April monetary policy meeting on Wednesday morning.

The Japanese yen crossed the 136 level on Tuesday and was last at 136.33 against the greenback. The currency has been weakening as the Bank of Japan's monetary policy diverges from that of the Fed.

Experts previously told CNBC that the main focus of the central bank is not exchange rates but inflation.

"Many members expressed the view that underlying inflation, measured by the CPI excluding such factors as energy, remained relatively low," the minutes said.

Most members of BOJ policy board expect short-term and long-term interest rates to remain at their present levels or lower, the minutes also added.

The U.S. dollar index, which tracks the greenback against a basket of its peers, last traded at 104.592.

The Australian dollar was at $0.6944, after falling from levels above $0.702 late last week.

Oil futures fell in Asia trade. International benchmark Brent crude futures slipped 1.1% to $113.39 per barrel. U.S. crude futures also dropped by 1.21% to $108.19 per barrel.