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The Asia-Pacific market was mixed on Wednesday as investors digested the impact of President Donald Trump's tariffs on the local economy.
Meanwhile, US Federal Reserve Chairman Jerome Powell re-emphasized the central bank's focus on curbing inflation on Tuesday, not rushing to lower interest rates. was shown.
Australia's S&P/ASX 200 rose 0.%
Japan Nikkei 225 Topix slipped 0.2%, but rose 0.23% after resuming trading after the holidays. Korea's Kospi added 0.31%, while the small Kosdaq lost 0.64%.
Hong Kong Hangsen index Mainland China's CSI 300 rose 1.56%, down 0.13% in choppy trading.
India is planning to report inflation data for January.
The benchmark NIFTY 50 fell 0.94%, while the BSE Sensex index fell 0.97%.
SoftBank Group will post its third quarter revenue later that day.
Overnight in the US, three major averages were mixed closed. The S&P 500 finished at 0.03% at 6,068.50, while the Nasdaq Composite lost 0.36% and closed at 19,643.86. The Dow Jones industrial average scored 123.24 points (0.28%) at 44,593.65.
Powell's testimony has come at a time of volatile time in Washington, with President Donald Trump receiving mixed messages coming from the administration about his approach to the Fed in favour of tariffs on US trading partners.
Powell said the current policy stance offers flexibility with benchmark Fed fund ratios ranging from 4.25% to 4.5%. The Federal Open Market Committee introduced fees at its meeting in late January.
– CNBC's Jeff Cox, Pia Shin and Hakyung Kim contributed to this report.
