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.
Stock markets around the world, particularly those in the United States, have fallen dramatically today. This is due to the ongoing events in the financial world, including the bailout of large insurance firm  by the US .

The primary UK index, the , dropped in value by 2.36%, which is 118.40 points, to below the 5000 mark at 4907.20. The  was down 2.62% at 16:08 , a slight increase from earlier today. The Dow Jones currently has a value of 10769.00 points. The  index has fallen by 3.16% to 2138.14, while the Dax was 1.75% lower than the start of the day as of 16:08 UTC.

The Japanese index the  was one of the few to rise in value over the day. It ended up 1.2%, although this follows a large fall in the value of the index when it hit an all time low yesterday.

Darren Winder, a market analyst from Cazenove, said that  "I don't think anyone has got any or much confidence in market direction for more than a few days."

A lot of today's activities in the market were related to the takeover of the  (AIG) on Tuesday in an  85 billion loan, in exchange for a 79.9% stake in the company. 

The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG's stockholders a diverse base of income which allowed it to steadily increase profits. 

In addition, the markets have also had difficulties during the past week after the refusal of the Federal Reserve to bail out , forcing the company to file for bankruptcy on Monday after  (BoA) and  pulled out of negotiations over the weekend.