Japan's Nikkei index closed lower for a sixth straight session on Wednesday, weighed down by mixed earnings from major U.S. technology companies and a continued rise in the yen.
The Nikkei index fell 1.11 percent to its lowest closing level in a month at 39,154.85 points, also recording its longest losing streak since October 2021.
The broader Topix index fell 1.42 percent to 2,793.12 points.
Wall Street ended Tuesday's session slightly lower as investors focused on Alphabet and Tesla's results.
While Alphabet's second-quarter earnings beat expectations, Tesla reported its lowest profit margin in more than five years, underperforming expectations.
Meanwhile, the yen rose to a seven-week high of 154.36 per dollar on Tuesday, as markets priced in a 56 percent chance of a rate hike at the Bank of Japan's monetary policy meeting on July 30-31.
A stronger yen would hurt the shares of export companies, because a stronger yen reduces the value of foreign-currency earnings when companies remit them to Japan.
Fast Retailing, owner of clothing brand Uniqlo, fell 0.8 percent, chipmaking equipment giant Tokyo Electron fell 0.9 percent and silicon chip maker Shin-Etsu Chemical Co. fell 2.3 percent, making them the biggest losers on the Nikkei.
The index had hit a record high of 42,426.77 on July 11, but has since suffered a string of losses as chip-related stocks underperformed and the yen rose sharply away from the 161-to-the-dollar range.
Mitsubishi Motors plunged 7.4 percent on disappointing earnings, making it the worst performer on a percentage basis.
