Shanghai markets had rallied on Tuesday on news Beijing would allow local governments to use cash from special bonds to fund investment projects.
Early Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan was up a slim 0.1 percent, having climbed 1 percent the day before.
Japan's Nikkei dithered either side of flat, while Australian shares added 0.3 percent. E-Mini futures for the S&P 500 were little changed after a flat finish on Wall Street.
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