Asian markets settled mostly higher on Wednesday, despite heightened geopolitical tensions after the US Navy shot down an Iranian drone headed toward an aircraft carrier in the Arabian Sea. Chinese shares gained as solar shares jumped after local media reported delegations sent by Elon Musk visited various companies in the sector days after Musk announced plans to build large-scale solar cell production in the United States. The South Korean Kospi hit a new peak on strong buying by institutional investors, who purchased a net 1.8 trillion won. However, Japanese shares tracked a tech-led selloff on Wall Street, with investors rotating out of richly valued technology shares and into more cyclical sectors.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,102.20 | 34.47 | 0.85 |
| Hang Seng | 26,847.32 | 12.55 | 0.05 |
| Jakarta Composite | 8,146.72 | 24.12 | 0.30 |
| KLSE Composite | 1,742.82 | -5.44 | -0.31 |
| Nikkei 225 | 54,293.36 | -427.30 | -0.78 |
| Straits Times | 4,965.50 | 21.41 | 0.43 |
| KOSPI Composite | 5,371.10 | 83.02 | 1.57 |
| Taiwan Weighted | 32,289.81 | 94.45 | 0.29 |
