The Shanghai Composite jumped 6.1% on Wednesday, with investors gobbling up shares of Sinopec on speculation about a gasoline tax. Most other Asian markets suffered losses. Tokyo's Nikkei 225 Average and Australia's S&P/ASX 200 both edged down 0.7%, while South Korea's Kospi dropped 1.9%. Hong Kong's Hang Seng Index lost 0.8%, Taiwan's Taiex slid 0.5%, and Singapore's Straits Times Index was down 1.1%. New Zealand's NZX 50 inched down 0.3%, Thailand's SET lost 1.4% and Malaysia's Composite slipped 0.7%.
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