Asian markets ended mostly in green on Wednesday following positive cues from US markets overnight. There were also some positive developments on the trade front, with US Commerce Secretary Howard Lutnick stating that the Trump administration has reached its first trade deal. Meanwhile, US Treasury Secretary Scott Bessent also said the U.S. is very close to a trade deal with India, has had substantial talks with Japan and has the contours of a deal with South Korea. However, Chinese market ended lower on growth worries after a survey showed China's factory activity contracted at the fastest pace in 16 months in April. The official purchasing managers' index came in at 49.0 in April due to escalating trade war with the U.S. U.S. Treasury Secretary Scott Bessent said that China could lose 10 million jobs quickly if the U.S. keeps tariffs in place at the current level of 145 percent.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,279.03 | -7.62 | -0.23 |
| Hang Seng | 22,119.41 | 111.30 | 0.50 |
| Jakarta Composite | 6,766.80 | 17.72 | 0.26 |
| KLSE Composite | 1,540.22 | 24.66 | 1.63 |
| Nikkei 225 | 36,045.38 | 205.39 | 0.57 |
| Straits Times | 3,832.51 | 27.33 | 0.71 |
| KOSPI Composite | 2,556.61 | -8.81 | -0.34 |
| Taiwan Weighted | 20,235.03 | 2.40 | 0.01 |
