Asian Equities Closed Mixed on Wednesday, Recovering from Loss in Previous Session

Global stocks edged up on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting on Wednesday, while oil rose towards recent seven-year highs on tension between Russia and Ukraine.

The SET, , CSI 300 and HSI inched up by 0.27%, 0.72% and 0.19% respectively while the KOSPI and TOPIX extended loss by 0.41% and 0.25% respectively.

MSCI broad market index ex. Japan is down by 1.50%.

U.S. futures opened in the positive with Dow Jones and S&P 500 down by 0.98% and 1.36% respectively.

Crude oil futures inched up from yesterday’s session with WTI futures up by 0.67% to $86.18 per barrel while Brent by 0.94% to $89.01 per barrel.