Asian markets settled mostly higher on Wednesday, despite growing fears that aggressive central bank policy tightening would dent global growth. The US Federal Reserve is expected to hike its benchmark interest rates by 50 basis points next week and again in July, while the European Central Bank is expected to lay the groundwork for an interest rate rise next month. Japanese shares gained tracking gains in Wall Street overnight, with technology heavyweights leading the climb. However, Seoul shares end marginally down after Q1 GDP growth was revised slightly down to 0.6 percent.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,263.79 | 22.03 | 0.68 |
| Hang Seng | 22,014.59 | 482.92 | 2.24 |
| Jakarta Composite | 7,193.31 | 52.26 | 0.73 |
| KLSE Composite | 1,523.86 | -2.07 | -0.14 |
| Nikkei 225 | 28,234.29 | 290.34 | 1.04 |
| Straits Times | 3,225.80 | -5.74 | -0.18 |
| KOSPI Composite | 2,626.15 | -0.19 | -0.01 |
| Taiwan Weighted | 16,670.51 | 157.63 | 0.95 |
