Asian markets ended higher on Wednesday, as overnight gains in oil prices and signs of improvement in the US economy helped ease investor worries about slowing global growth. Expectations of further support from major central banks in Asia and Europe also boosted risk appetite. Japanese shares surged to a more than three-week high, as the dollar rose against the yen after strong US factory and construction data, giving exporters a boost and lifting the overall market. China stocks ended higher, led by gains in realty and commodity-related shares on hopes that Beijing will unveil mores steps to boost flagging economic growth. Investors shrugged off news that rating agency Moody's cut its China outlook to Negative from Stable, as the market awaits policy cues from China's annual meeting of top legislatures that starts March 5.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,849.68 | 116.51 | 4.26 |
| Hang Seng | 20,003.49 | 596.03 | 3.07 |
| Jakarta Composite | 4,836.20 | 56.21 | 1.18 |
| KLSE Composite | 1,691.03 | 20.21 | 1.21 |
| Nikkei 225 | 16,746.55 | 661.04 | 4.11 |
| Straits Times | 2,726.96 | 44.57 | 1.66 |
| KOSPI Composite | 1,947.42 | 30.76 | 1.60 |
| Taiwan Weighted | 8,544.05 | 58.36 | 0.69 |