Domino effect for emerging economies?

On Wednesday Britain's Prime Minister Theresa May is going to deliver a speech intended to encourage confidence over the country's future after it leaves the European Union and to wipe off her prominent critic and competitor, ex-Foreign Secretary Boris Johnson.

Prime Minister will state that Britain's post-Brexit fate is "full of promise" and that the country "has everything we need to succeed" when she addresses party delegates on the closing day of the Conservative Party's annual conference in Birmingham on Wednesday. May will state to representatives that Britain's "best days lie ahead of us" and that, nations across the globe are waiting to trade with the U.K. after it leaves the EU in March 2019. "I passionately believe that our best days lie ahead of us and that our future is full of promise," she will say when she addresses delegates at 10 a.m. U.K. time. "Don't let anyone tell you we don't have what it takes: we have everything we need to succeed."

On Wednesday afternoon Asia markets were mostly weaker.

While the Topix index decreased by 0.90% the Nikkei 225 slid by about 0.6% in the afternoon.

On Wednesday morning. Kevin Leung, said on CNBC's "Squawk Box" "If you look at Japan, the economy's sort of improving and it's not subject to the U.S. trade war right now,"

And he added. “If you're looking from a longer-term perspective... I'm not too worried about the Japanese market,"

Over in Hong Kong, the Hang Seng index was lower by 0.52% in the afternoon and In Australia, the ASX 200 was up by 0.3%.