Most other Asian stock market indices closed higher, following gains from Wall Street overnight.

China’s Shanghai index continued its upward trajectory for the second consecutive day

buoyed by optimism over Beijing’s market rescue efforts.

Hang Seng experienced volatility and ended the session slightly lower due to profit booking in Chinese tech firms listed in the region.

Japan’s Nikkei225 closed lower as technology shares weighed down the index

despite a rally in auto stocks led by Toyota Motor and Mitsubishi CorP

both of which reported solid guidance in quarterly earnings. On the other hand

Australia’s S&P ASX 200, South Korea’s Kospi index, Straits Times

SET Composite closed higher, while Jakarta closed marginally lower on Wednesday.

In Europe, stock market indexes relinquished early gains and are currently trading lower on Wednesday.

 with investors expressing concern about the uncertainty surrounding the timing of interest rate cuts. 

Sentiments were further dampened after data showed German industrial production fell in December for the seventh consecutive month.

In the US, Dow Jones and Nasdaq futures are trading with little change, indicating a flat opening for the US markets today