Asian markets settled mostly higher on Wednesday after China rolled out fresh stimulus to shore up its economy. The Chinese government has announced plans to issue sovereign bonds worth 1 trillion yuan in the fourth quarter. Moreover, Wall Street’s overnight gains and falling Treasury yields also supporting market sentiments. Japanese shares rose amid hopes that Japanese government will resort to tax reductions in the upcoming economic stimulus package, while sound corporate earnings in the United States also helped sentiments. Meanwhile, investors were awaiting the release of the US GDP numbers for the third quarter on Thursday and the PCE price index on Friday for additional clues on the interest rate outlook.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,974.11 | 11.87 | 0.40 |
| Hang Seng | 17,085.33 | 93.80 | 0.55 |
| Jakarta Composite | 6,834.39 | 27.63 | 0.40 |
| KLSE Composite | 1,442.51 | 6.86 | 0.48 |
| Nikkei 225 | 31,269.92 | 207.57 | 0.66 |
| Straits Times | 3,078.78 | -5.10 | -0.17 |
| KOSPI Composite | 2,363.17 | -20.34 | -0.86 |
| Taiwan Weighted | 16,358.89 | 49.13 | 0.30 |
