Some markets in the region displayed mixed trends, with Japan's Nikkei 225 seeing a marginal decline and Taiwan's Weighted Index recording a gain of 0.62%.
China's Shanghai Composite Index traded flat, and globally, thin trading volumes were observed due to the festive season and subdued investor activity.
Indian markets experienced selling pressure due to a strong dollar and high bond yields in the US, leading to a volatile session and ending in red territory.
Investors are advised to prioritize safety over returns as the year comes to a close.