A pause in both the sell-off in global bonds and sharp rise in the dollar following Donald Trump's election victory, together with Wall Street's record high overnight helped Asian shares steady on Wednesday.
U.S. President-elect Trump's plans to cut taxes and boost infrastructure spending would boost demand while his proposals to deport illegal immigrants and impose tariffs on cheap imports, if implemented, are seen likely to drive inflation higher.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.6 percent, bouncing back from a four-month low touched earlier this week.
Japan's Nikkei share average rose to a 9-1/2-month high on Wednesday, as a weaker yen underpinned exporters and higher Japanese yields stoked bank shares.
The Nikkei ended up 1.1 percent at 17,862.21, scaling its highest levels since Feb. 1.
China stocks ended largely flat on Wednesday, with heavyweight resource stocks pegged back by fears that sharp falls in Chinese commodities futures markets could prompt regulators to tighten curbs to dampen volatility.
The blue-chip CSI300 index was unchanged at 3,429.59, while the Shanghai Composite Index lost 0.1 pct to 3,205.06 points
Reference: Reuters
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