Asian markets settle mostly higher on Wednesday
Japanese stock market was closed for the Showa Day national holiday
Asian markets settled mostly higher on Wednesday after reports suggested that Iran will likely file a revised proposal for ending the war to Pakistani mediators in the coming days. The revised proposal is expected to cover all key issues, with reopening the Strait of Hormuz and the unfreezing of Iranian assets likely to be in focus in the initial phase. Investors were awaiting the Federal Reserve’s rate decision as well as earnings releases from some of the most valuable tech companies in the US. Seoul market closed at a fresh peak amid investors bet chip demand will remain solid, despite concerns over the artificial intelligence boom. However, some gains were limited by elevated crude oil prices that fuelled concerns about global inflation and the outlook for interest rates. Japanese stock market was closed for the Showa Day national holiday.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,107.51 | 28.88 | 0.71 |
| Hang Seng | 26,111.84 | 432.06 | 1.68 |
| Jakarta Composite | 7,101.23 | 28.83 | 0.41 |
| KLSE Composite | 1,720.42 | -9.18 | -0.53 |
| Nikkei 225 | -- | -- | -- |
| Straits Times | 4,860.97 | -26.72 | -0.55 |
| KOSPI Composite | 6,690.90 | 49.88 | 0.75 |
| Taiwan Weighted | 39,303.50 | -218.23 | -0.55 |
