Asian markets trading on a mix note, People's Bank of China devalued the Yuan

Asian markets continue to move higher on Wednesday but Japanese market was trading almost flat to negative. On the data front from China, PBoC devalued the currency around 0.2% as PBoC sets Yuan fix lower.

The USD/CHY fix was set at 6.5237 on Wednesday compared with 6.5130 a day earlier, a devaluation of 0.2%.

The Nikkei 225 index was trading 0.19% lower to 16,028.09 points in Tokyo, while the broader Topix gauge slipped 0.11% to trade at 1,295.47 points.

Mainland China's Shanghai Composite index grew 0.67% to 2,855.55 points, while Hong Kong's Heng Seng index also rose 0.36%, trading at 19,190.96 points.

South Korea's Kospi index was trading 0.05% higher to 1,889.18 points in early trade.

The benchmark S&P/ASX 200 index slid 0.23% to 4,898.50 points before midday in Sydney.

New Zealand S&P/NZX 50 index gained 0.38% to trade at 6,098.32 points.