Asian markets ended mostly higher on Wednesday after the International Monetary Fund offered a more upbeat view on Asia's economic outlook than six months ago and data showed a tamer-than-expected increase in US underlying inflation. The US government reported consumer prices increased by a stronger-than-expected 0.6% in March, the fastest rate since 2012. Higher inflation normally fuels fears interest rates might be raised to keep prices stable, but the Federal Reserve has said the economy will be allowed to ‘run hot’ to ensure a recovery is in place. Investors awaited cues from the U.S. earnings season, with JPMorgan Chase & Co. and Goldman Sachs Group Inc among the companies reporting their results later in the day. Chinese shares advanced as strong exports data added to signs of a solidifying recovery in the world's second-largest economy. However, Japanese shares ended lower as daily Covid cases in Osaka breached the 1,000 mark and data showed core machine orders sank 7.1 percent in February on an annual basis, missing forecasts for an increase of 2.3 percent following the 1.5 percent gain in the previous month.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,416.72 | 20.25 | 0.60 |
| Hang Seng | 28,900.83 | 403.58 | 1.42 |
| Jakarta Composite | 6,050.28 | 122.84 | 2.07 |
| KLSE Composite | 1,598.28 | 0.57 | 0.04 |
| Nikkei 225 | 29,620.99 | -130.62 | -0.44 |
| Straits Times | 3,179.39 | -8.51 | -0.27 |
| KOSPI Composite | 3,182.38 | 13.30 | 0.42 |
| Taiwan Weighted | 16,865.97 | 41.06 | 0.24 |
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