Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by strong gains in the technology sector, which mirrored their peers on the tech-heavy Nasdaq. Traders also refrained from big moves due to the lack of clarity over U.S.-Iran negotiations to end the Middle East war, fueling global inflation worries. Asian markets closed mostly higher on Tuesday.

U.S. and Iranian official are in Qatar, but Iran said it would not meet with top U.S. envoys, raising fresh concerns over the fragile interim ceasefire between the two nations.