Asian markets ended mostly higher on Wednesday, following positive cues from the US markets overnight, as soft U.S. data released overnight reinforced views that the Federal Reserve is nearing the end of its rate tightening cycle. Sentiments also got boost as reports said that China's largest banks are preparing to cut interest rates on existing mortgages and deposits. Meanwhile, investors awaited China PMI data for directional cues. Japanese markets ended higher amid rising U.S. yields pushed the yen to its lowest in almost 10 months.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,137.14 | 1.25 | 0.04 |
| Hang Seng | 18,482.86 | -1.17 | -0.01 |
| Jakarta Composite | 6,966.66 | 8.82 | 0.13 |
| KLSE Composite | 1,451.94 | -2.50 | -0.17 |
| Nikkei 225 | 32,333.46 | 106.49 | 0.33 |
| Straits Times | 3,220.22 | -2.87 | -0.09 |
| KOSPI Composite | 2,561.22 | 9.06 | 0.35 |
| Taiwan Weighted | 16,719.82 | 96.17 | 0.58 |
