Major stock markets in Asia mostly traded higher on Wednesday after Wall Street gained significant ground overnight, amid a string of upbeat earnings reports and revived economic optimism, following a steep sell-off on Monday. The ASX 200 led the gains, jumping nearly 1% after closing in the red in the prior session. Gains were also seen in Japan (0.4%), buoyed by data showing exports from Japan soared 48.6% yoy, rising for the fourth month in a row, to a three-month in June; while imports grew more than estimated, advancing for the fifth straight month. The Shanghai Composite Index also rose markedly, as Beijing said that accusations made by the US and its allies that Beijing has conducted a global cyber hacking campaign were unwarranted. Stocks in South Korea fell for the fourth straight session, however, despite upbeat trade data during the first 20 days of July. Markets in India were closed for a public holiday.