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Stocks reverse earlier losses after consumer companies attract buyers as values emerge from a sell-off. Energy producers slide as China calls for more power supply to meet industry demand.
Typhoon Kompasu, the 18th typhoon of this year, made landfall in south China's island province of Hainan Wednesday afternoon.
Typhoon Kompasu earlier set off landslides and flash floods in the northern Philippines.
Hong Kong has suspended schools, stock market trading and government services as a typhoon passes to the south
Continued uncertainty over energy supplies and prices, and the future of China Evergrande, cast a shadow over Asian stock markets on Wednesday.