Asian markets traded mostly higher in early deals on Wednesday, as Chinas central bank trim key lending rates for the first time in seven months to boost growth and mitigate trade-related risks.
Major state banks also lowered deposit rates to ease pressure from shrinking interest margins.
Additionally, rising oil prices and positive market reactions to potential US trade developments and easing tariff concerns.
Rally in financial and energy sector stocks also supported the local indices.
Hang Seng advanced in the session mirroring positive international cues.
Bucking the trend, Japans Nikkei slipped after the countys export growth showed dip to the lowest in seven months amid mounting pressure from rising US tariffs.Hang Seng buoyed by 125.65 points 0.53% to 23,807.13, KOSPI Index increased by 25.71 points or 0.99% to 2,627.51, Taiwan Weighted lifted by 229.31 points or 1.07% to 21,755.34, Jakarta Composite up by 52.87 points or 0.75% to 7,147.47, Shanghai Composite higher by 13.01 points or 0.38% to 3,393.49On the flip side, Nikkei 225 down by 72.27 points or 0.19% to 37,457.22, Straits Times dipped by 13.23 points 0.34% to 3,869.27, and FTSE Bursa Malaysia KLCI lower 4.08 points or 0.26% to 1,544.79.