Asian shares down as debate on Fed tapering picks up

Adding to the uncertainty in markets were figures showing massive sales of US Treasuries by Asian investors in June.

Nikkei drops as market on edge with earnings in play

The benchmark Nikkei declined 1 percent to 13,736.76 in midmorning trade, erasing much of its 1.5 percent advance on Tuesday.

Asian markets slump on fears over US Fed stimulus

Dealers ran for cover after a Wall Street sell-off, with the US Federal Reserve in focus before a policy meeting next week that many fear will herald the end of its USD85 billion-a-month bond-buying.