Major stock markets in Asia traded mixed on Wednesday, as traders weighed a pledge by Fed Chair Powell to not raise interest rates too quickly against maritime tensions between China and the US in Taiwan Strait. The Hang Seng led the gains, buoyed by news that Hong Kong will ease its strict travel quarantine. Meantime, stocks in Australia fell after major banks predict that the nation’s historically low cash rate will be raised far sooner than the RBA’s current timeline.
