Asian markets settled mostly higher on Wednesday, tracking Wall Street’s gains overnight, after top US and Chinese officials said they have reached a framework to implement the Geneva consensus. Meanwhile investors were awaiting the release of US consumer inflation data later in the day for direction. Japanese shares gained after new data from the Bank of Japan showed wholesale inflation slowed in May, easing pressure on the central bank to raise interest rates in its next policy board meeting. Chinese shares rose with automakers rising after pledging to shorten payment terms for suppliers. Seoul shares rallied after South Korean President Lee Jae-myung said the government was preparing to revamp the country's tax system as part of a broader push to make the domestic stock market more attractive.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,402.32 | 17.50 | 0.51 |
| Hang Seng | 24,366.94 | 204.07 | 0.84 |
| Jakarta Composite | 7,222.46 | -8.29 | -0.11 |
| KLSE Composite | 1,523.84 | 6.89 | 0.45 |
| Nikkei 225 | 38,421.19 | 209.68 | 0.55 |
| Straits Times | 3,919.05 | -14.75 | -0.38 |
| KOSPI Composite | 2,907.04 | 35.19 | 1.21 |
| Taiwan Weighted | 22,470.10 | 227.96 | 1.01 |
