Asian markets settled mostly higher on Wednesday, tracking Wall Street gains overnight in spite of hawkish comments from the US Federal Reserve officials. Market sentiments were also supported by a retreat in the US dollar and bond yields from recent highs. Chinese markets gained on a slew of signals that authorities are strengthening their resolve to support slumping markets. The China Securities Regulatory Commission urged companies to step up mergers and acquisitions and restructuring to enhance the value of listed companies. Reports showing that companies have spent more than $4 billion on buybacks after officials called on them to play their part.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,829.70 | 40.21 | 1.42 |
| Hang Seng | 16,081.89 | -54.98 | -0.34 |
| Jakarta Composite | 7,235.15 | -12.26 | -0.17 |
| KLSE Composite | 1,513.11 | 0.13 | 0.01 |
| Nikkei 225 | 36,119.92 | -40.74 | -0.11 |
| Straits Times | 3,156.15 | 30.47 | 0.97 |
| KOSPI Composite | 2,609.58 | 33.38 | 1.28 |
| Taiwan Weighted | -- | -- | -- |
