Positive Close For Asian Markets

(RTTNews) - Asian stock markets closed on a mostly positive note on Wednesday as the likelihood of a Fed rate hike diminished significantly. Easing bond yields as well as the momentum in tech stocks also bolstered sentiment. However, lingering anxiety ahead of updates to inflation and labor market due from the U.S. on Wednesday morning limited gains. China's Shanghai Composite Index added 12 points or 0.31 percent from the previous close of 3,830.45 to finish trading at 3,842.19. The day's trading ranged between $3,833.09 and $3,851.22. At current levels, the index has lost more than 1 percent over the course of the past year. The Japanese benchmark Nikkei 225 added 1,272 points or 1.94 percent to close trading at 66,753.72.