Asian markets settled mixed on Wednesday, tracking elevated US treasury yields amid easing expectations of aggressive Federal Reserve rate cuts and concerns about the US fiscal deficit. Japanese shares declined as investors were reluctant to place major bets ahead of the country's upcoming lower house election results. Meanwhile, Chinese shares rose after reports emerged that the government may deploy as much as 2 trillion yuan (US$280 billion) of special treasury bonds to establish a stock market stabilization fund. Seoul shares gained with automakers and technology shares leading the rally, while the Korean won continued to decline against the dollar.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,302.80 | 16.93 | 0.51 |
| Hang Seng | 20,760.15 | 261.20 | 1.26 |
| Jakarta Composite | 7,787.56 | -1.42 | -0.02 |
| KLSE Composite | 1,641.53 | -1.01 | -0.06 |
| Nikkei 225 | 38,104.86 | -307.10 | -0.81 |
| Straits Times | 3,600.78 | 13.37 | 0.37 |
| KOSPI Composite | 2,599.62 | 28.92 | 1.11 |
| Taiwan Weighted | 23,334.76 | -200.67 | -0.86 |
