Major stock markets in Asia traded higher on Wednesday, after Wall Street closed near record levels Tuesday on strong corporate results, a dovish Fed, and prospects of a rise in vaccination rates. The Nikkei 225 led the gains, jumping 1.3% and trading at over 2-week highs, as political uncertainty eased on hopes that Prime Minister Yoshihide Suga is likely to win the upcoming ruling party election. Stocks in China (0.8%) and Hong Kong (0.6%) also gained, on expectations of more economic policy support after the August factory activity data showed China’s economic recovery weakening. The Kospi edged higher (0.2%), as exports grew for the 10th month running. On the other hand, shares in Australia fell slightly (-0.1%), after reports that Canberra today extended the COVID-19 lockdown in Melbourne for another three weeks.