Stocks advanced in Asia on Wednesday after Wall Street rallied on corporate earnings and indications that the Federal Reserve is open to slowing the pace of interest rate hikes.
Oil rose amid an uncertain supply outlook alongside a proposal by the European Union to soften sanctions on Russian crude oil.
Gold changed little, while Bitcoin held recent gains after rising as much as 4.2% Tuesday, snapping from the lowest price since November 2020.
Domestic benchmark indices closed higher on Tuesday to end their three-day losing streak, boosted by gains in metal and IT stocks.
The rupee emerged from its four-day-long slump against the U.S. dollar as the global currency shed gains.
At 8:07 a.m., the Singapore-traded SGX Nifty — an early barometer of India’s benchmark Nifty 50 — rose 0.32% to 18,346.5.