Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid sinking crude oil prices and lower treasury yields as traders see the U.S. move to isolate Iran economically in lieu of military strikes as a sign for easing of Middle East tensions. Asian markets closed mostly higher on Tuesday.

However, traders were reluctant to make more significant bets ahead of key events in the coming days, including key U.S. inflation data and US Fed Chair Kevin Warsh’s debut speech at the annual Jackson Hole conference.