Asian markets end mostly higher on Wednesday

Asian markets ended mostly higher on Wednesday as optimism around a swift economic recovery from the Covid-19 pandemic supported the market sentiments. Moreover, easing worries about inflation after US Federal Reserve officials reaffirmed a dovish monetary policy stance also boosting sentiment. Chinese shares ended higher, followed with strong yuan as the Chinese central bank signalled that authorities are comfortable with a recent rally by setting a strong daily reference rate. Moreover, Japanese shares settled up with expectations of progress in mass inoculations against the corona-virus in Japan. Meanwhile, markets in Malaysia, Singapore and Indonesia were closed for Vesak Day.