Investors are concerned that financial markets will remain volatile.
Asian markets have staged a tentative recovery in response to the US government rescue of insurance giant AIG, but investors remain nervous.
Stocks in Tokyo, Taipei, and Seoul all rose, although share prices in Hong Kong and Australia lost ground after starting higher.
The dollar also rose against major currencies.
Investors are concerned that financial markets will remain unstable after the dramatic events of the past few days.
AIG's bail-out follows the collapse of US investment giant Lehman Brothers, which caused share prices to plummet across the world's financial markets.
Another investment bank, Merrill Lynch, has been sold off to Bank of America.
Japan's Nikkei 225 index ended up 1.2% at 11,749.79, after hitting a three-year low on Tuesday. The index had earlier rose as much as 2.3%.
Hong Kong's Hang Seng index was down 1.85% at 17,691.2 points after earlier rising as high 18,699.18.
European markets are expected to open slightly higher amid relief that AIG wasn't allowed to go bankrupt.
Trading on Russia's major stock markets has been suspended for a second consecutive day due to the ongoing turmoil in the financial markets around the world. 

The suspension took place due to an order of the Russian government's Federal Service for the Financial Markets, which demanded the suspension. "It took too long for the money to get into the system," said Uralsib analyst Chris Weafer commenting on this decision. "They were afraid of panic selling so they stopped the market."

Before the suspension, the RTS exchange fell by 6.39 percent in just two hours,  while the MICEX index started the day with an increase, before falling again. This day was the worst day in Russia's market since the country's 1998 financial crisis 

Several financial markets have continued to lose value. The primary British index, the FTSE 100, dropped in value by 2.36%, which is 118.40 points, to below the 5000 mark at 4907.20. The Dow Jones, was down 2.62% at 16:08 UTC, a slight increase from earlier today. The Dow Jones currently has a value of 10769.00 points. The NASDAQ index has fallen by -3.16% to 2138.14, while the Dax was 1.75% lower than the start of the day at 16:08 UTC.

The Russian Government has also announced the injection of 44 billion dollars into the Russian economy. The cash injection will take place through VTB, Sberbank and Gazprom Bank, which are all state run banks.