NEW PROJECT TEST Content : Spanish ES10YT=TWEB and Belgian BE10YT=TWEB bond yields hit record lows and German Bunds DE10YT=TWEB edged towards them in a broad-based euro zone debt rally, while many emerging market bonds and currencies jumped. [EMRG/FRX]

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS, which touched its lowest level since March in the previous session, was up about 1.2 percent in late trade. Japan's Nikkei share average .N225 skidded 0.8 percent, however, as the yen rose against the weakened dollar.

"Fed officials have concerns on the impact of a strong dollar, which undermines the scenario held by some that Japanese shares will benefit from further strength in the dollar against the yen," said Masayuki Doshida, senior market analyst in Tokyo for Rakuten Securities.