Asian markets settle mostly higher on Wednesday
Seoul shares surged to a new record fuelled by strong advances in technology shares
Asian markets settled mostly higher on Wednesday, tracking Wall Street’s gains overnight followed by strong rebound in technology shares after a major multiyear deal between Advanced Micro Devices and Meta Platforms. Meanwhile, investors also reacted to Trump's comments in the annual address before a joint session of Congress that most of the US trading partners want to keep the deal that they already made with his administration and that tariffs will replace income tax as time goes by. Seoul shares surged to a new record fuelled by strong advances in technology shares and optimism ahead of Nvidia’s earnings release, which due later in the day. Chinese shares gained as Shanghai eased homebuying rules in the latest attempt by authorities to contain the nation's prolonged property slump. Japanese markets hit a new record after PM Sanae Takaichi's government nominated two new dovish-leaning academics to the Bank of Japan's nine-member board, prompting traders to pare expectations of a near-term rate hike.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,147.23 | 29.82 | 0.72 |
| Hang Seng | 26,765.72 | 175.40 | 0.66 |
| Jakarta Composite | 8,322.23 | 41.40 | 0.50 |
| KLSE Composite | 1,747.81 | -6.20 | -0.35 |
| Nikkei 225 | 58,583.12 | 1,262.03 | 2.20 |
| Straits Times | 5,007.73 | -13.06 | -0.26 |
| KOSPI Composite | 6,083.86 | 114.22 | 1.91 |
| Taiwan Weighted | 35,413.07 | 712.25 | 2.05 |

