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European shares were set for a firmer start, with Euro STOXX 50 futures opening up 0.6 percent, while financial spreadbetters predicted a rise of as much as 0.3 percent for Britain's FTSE 100. U.S. stocks futures were down 0.3 percent.
Chinese shares underperformed the region, dragged down by property plays after data showing another year-on-year dip in home prices spurred profit-taking in one of this year's biggest outperformers in Asia.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.8 percent. Hong Kong's Hang Seng index was down 1.5 percent while property shares in Shanghai .SSEP shed more than 5 percent.
"With market confidence battered by one disappointing economic data after another, investors want more than just vague promises of action down the road," said Han Bum-ho, an analyst at Shinhan Investment & Securities.
The move in Asia followed a choppy session overnight on Wall Street, where the S&P 500 eked out a 0.7 percent gain, partly driven by earnings from Goldman Sachs and Coca-Cola that came in ahead of expectations.
Japan's Nikkei closed down 0.3 percent reversing earlier mild gains as worries about earnings from Japanese companies persisted.
In his testimony to the Senate Banking Committee, Bernanke said the economic recovery was being held back by anxiety over Europe's debt crisis and the path of U.S. fiscal policy, and he expressed unease over a stagnant jobs market.
Analysts said the Bernanke's comments on the economy, especially on the jobs market, suggested the central bank could opt for further monetary stimulus.
Bernanke's mixed message provided some support to the euro after a seesaw session overnight and the single currency was trading flat versus the dollar after pushing higher earlier in the day.
It was last at $1.2277, below Tuesday's one-week high of $1.2317 but well off a two-year low of $1.2162 hit last week.
Bernanke will complete his semiannual Congressional testimony by addressing the House Financial Services Committee later on Wednesday.
Growth slowing
Brent crude fell 0.7 percent to below $104 a barrel, snapping five days of gains.
Top mining companies Rio Tinto and BHP Billiton were down 3.3 percent and 2 percent respectively after BHP followed its larger rival in setting out higher production forecasts amid risks of cooling demand from top customer China.
BHP said it expects to lift Australian iron ore output by 5 percent in the 2013 financial year.
The Asian tech sector also was under pressure after top chipmaker Intel Corp reduced its growth forecast, reinforcing fears that a wavering global economy and a lack of consumer interest are dampening personal computer sales.
SK Hynix, the world's No.2 computer memory chip maker, declined 4.9 percent.
In China markets, property stocks were clear laggards, with top developers Vanke down 5 percent and Poly Real Estate down 6.5 percent.
Home prices in China showed signs of stabilizing in June, which could help the cooling economy, but there were few indications of Beijing easing its grip on the sector.
"The upcoming earnings for the sector will be bad, but investors will probably gloss over that," said Lee Wee Liat, head of property research at BNP Paribas.
"Policy will still be key, and they will be watching the guidance the companies provide, especially on their margins since there have been a lot of price cuts," said BNP's Lee.
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