Asian shares mostly up, recovering from early morning losses

MANILA, Philippines (AP) — Asian shares mostly inched up Wednesday, recovering from early morning losses after U.S. stocks fell for the second day as the head of the International Monetary Fund sounded downbeat on the outlook for the world economy.

Taiwan's benchmark TAIEX index fell 1.6 percent to 8,525.15.

ANALYST VIEWPOINT: "U.S. stocks set a weak lead for this morning's opening," said Ric Spooner, chief market analyst at CMC Markets in Australia.

U.S. stocks fell for a second day on Tuesday, as the head of the International Monetary Fund sounded downbeat on the outlook for the world economy.