Asian Markets Trade Mostly Higher

Asian markets are mostly higher on Wednesday, despite the negative cues from Wall Street overnight, boosted by a rebound in technology and semiconductor stocks in Japan and South Korea after the recent sharp sell-off. Support also came from comments by New York Fed President John Williams that while one more rate hike might happen this year, aggressive further tightening may not be needed in 2027. Asian markets closed mostly lower on Tuesday.

Traders also now await the U.S. consumer price inflation report as well as speeches from US Fed officials for further clues on the path of interest rates.