British blue-chip stocks finished lower Tuesday, pulled down in part by a fall in shares of BP PLC after the energy heavyweight said it will take a $1.7 billion charge related to the Deepwater Horizon disaster. A selloff for miners also weighed on the main equity benchmark.

The Dow Jones Industrial Average closed marginally lower on Tuesday after the blue-chip index relinquished all its early gains in the sharpest daily reversal in nearly two years, according to FactSet. In early trade, Dow industrials were up more than 1% and set an intraday all-time high above 26,000.

Asian stocks were mostly lower Wednesday following a late selloff in U.S. equities and after some markets logged fresh highs Tuesday. Hong Kong's Hang Seng Index topped 2007's record-high close on Tuesday while Singapore's main stock index breached 2015's high, getting to levels last seen in 2007.