Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, amid easing concerns about turmoil in the financial sector following recent coordinated steps taken by governments and the central banks to rescue distressed banks in the U.S. and Europe. Asian markets closed mostly higher on Tuesday.
Positive sentiment was also generated in reaction to remarks by US Treasury Secretary Janet Yellen, who said the government is prepared to once again take action to protect bank depositors if smaller lenders are threatened.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.