Asia-Pacific markets traded mostly higher Wednesday as investors assessed the ongoing Middle East war.
In Japan, the Nikkei 225 leaped 776.98 points, or 1.4%, to 55,025.37
In Hong Kong, the Hang Seng doffed 61.14 points, or 0.2%, to 23,898.76.
Hong Kong-listed shares of Chinese electric vehicle maker Nio surged more than 15% after the company reported a sharp improvement in fourth-quarter results, helped by surging deliveries, better product mix and cost cuts.
Fourth-quarter vehicle deliveries jumped 71.7% from a year earlier to 124,807 units, while revenue rose 75.9% to 34,650.2 million yuan ($4,954.9 million) and vehicle margin improved to 18.1% from 13.1% a year ago.
Oil prices, which spiked to nearly $120 U.S. a barrel Monday at the height of fear around the Iran conflict, dropped from their height as traders believed a group of countries would tap emergency crude reserves to mitigate disruption caused by the conflict.
In other markets
The CSI 300 gained 29.34 points, or 0.6%, to 4,704.50
In Korea, the Kospi index advanced 77.36 points, or 1.4%, to 5,609.95
In Singapore, the Straits Times Index nosed ahead 3.17 points, or 0.1%, to 4,863.81.
In Taiwan, the Taiex index popped 1,342.32 points, or 4.1%, to 34,119.19.
In Australia, the ASX jumped 50.9 points, or 0.6%, to 8,743.48.
In New Zealand, the NZX 50 hiked 198.76 points, or 1.5%, to 13,293.13.
