TOKYO (Dow Jones) - Asian stocks ended mostly lower Wednesday, tracking losses on Wall Street, with regional exporters taking the biggest hit.

Japan's Nikkei 225 Average ended down 0.4%, or 38.76 points, to 11120.70. The broader Topix of all Tokyo Stock Exchange first section issues lost 0.4%, or 4.28 points, to close at 1,145.30. Decliners outnumbered advancers 984 to 535, with 129 issues ending unchanged from Tuesday.

Toyota fell 0.8%. On Tuesday, the automaker said its fiscal 2004 group net profit rose 0.8% to a record high 1.17 trillion yen ( $11 billion ), but said its profit shrank in the quarter through March.

NTT DoCoMo dropped 1.2%. On Tuesday, Japan's number one cellular operator posted a group net profit of 747.56 billion yen in fiscal 2004, up 15% from 650.01 billion yen in fiscal 2003. But it said its group revenue for the just- ended fiscal year dropped 4.0% to 4.845 trillion yen from 5.048 trillion yen a year ago, while group operating profit fell 29% to 784.17 billion yen .

Softbank fell 2.2%. The Internet investor said Tuesday that it incurred a 59.8 billion yen group net loss for fiscal 2004, narrowing from the previous year's 107 billion yen . It was the company's fourth straight group loss, as fixed-line phone operations costs offset strong online brokerage and Internet advertising revenue.

The weak earnings were followed by lackluster economic data Wednesday.

The Japanese Cabinet Office said its index of coincident economic indicators, a key gauge of the current state of Japan's economy stood at 66.7% in March. The reading was above the boom-or-bust line of 50%, considered a sign of economic expansion, while a figure below that level indicates contraction.

But its index of leading indicators, which predicts economic developments about six months ahead, was 30.0%.

"This parallels other evidence that the economy remains stuck in a range, neither strengthening nor weakening notably," wrote Peter Morgan, chief Japan economist at HSBC Securities in Tokyo .

South Korea's Kospi index was down 1.2%. Market leader Samsung Electronics ended down 1.1%, and Hynix Semiconductor shed 1.5%.

Hong Kong's Hang Seng fell 0.6%, as did Taiwan's Taiex index. Taiwan Semiconductor Manufacturing lost 2.0%.

China's Shanghai Composite index was down 1.0%.

Australia's S & P/ASX 200 index bucked the trend, and gained 0.3%.

Speculation about possible problems at hedge funds slammed U.S. stocks Tuesday.

The Dow Jones Industrial Average closed down 103.23 points, or 1%, at 10, 281.11, its biggest one-day point loss since April 28 . The Nasdaq Composite Index slumped 16.90 points, or 0.9%, to 1,962.77. Dow Jones Newswires 05-11-05 0658ET Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.