Stocks across the Asia-Pacific finished flat Thursday evening local time amid uncertainty among investors that European leaders will be able to agree on a plan to solve the Eurozone's continuing debt crisis at an EU summit in Brussels today.
Later today the European Central Bank is expected to cut Eurozone interest rates a quarter of a point to 1%, according to the BBC .
Chinese shares ( YAO , quote ) were down 0.27%, but Australian ( EWA , quote ), Japanese ( EWJ , quote ) and South Korean ( EWY , quote ) stocks enjoyed slight bumps, up 0.56%, 1.40% and 0.09%, respectively
Shares of Japan's Olympus ( OCPNY , quote ), now engulfed in a $1.7 billion accounting fraud investigation, rose 4.4% after news that its board signaled it would quit.
Look to see LG Display ( LPL , quote ) remain under pressure. Shares fell 5.1% overnight amid rumors of a new share issue, which the South Korean flat-screen TV manufacturer has denied.
Fueling unease in Asia is the meeting of European leaders at a "do-or-die" summit ending Friday.
Investors are skeptical that doubling or tripling the Eurozone's rescue fund, the European Financial Stability Facility (EFSF), from its current 440 billion euros ($590 billion) will be enough to rescue Italy's economy, the bloc's third largest.
The euro slid 0.22% to $1.3383 against the dollar.
The yuan, however, remained steady throughout overnight trading at 6.3618 to the dollar.