Chinese airline stocks continue to shed recent gains, partly on disappointment that Beijing didn't given any signal it would let the yuan rise while Barack Obama was in town.

Chinese shares led most Asian markets higher Wednesday with stocks in Shanghai rebounding on strong earnings reports from Air China and China Life Insurance Co.

Most Asian equity markets end higher, keying on a strong rally overnight on Wall Street, but robust economic data from China fail to lift shares in Shanghai as investors lock in some profits.

HONG KONG (MarketWatch) -- Asian markets ended mostly higher Tuesday with miners and financial stocks broadly rising on signs of stability in the global economy, and China and Taiwan shares buoyed by optimism about cross-strait ties.

Most Asian markets tumble for a second straight day Tuesday, with financials beaten down in afternoon trading on concerns U.S. banks may have to raise more capital, while worries over the spread of swine flu dragged on airline and tourism-related stocks.