China’s services activity expanded at its quickest pace in three months in January, buoyed by stronger new orders and pushing hiring to its highest since July last year, a private-sector survey showed on Wednesday.

Asian stock markets were mixed on Wednesday, with South Korean shares hitting an all-time high, although advances were capped as a rally in technology stocks cooled after a weaker finish on Wall Street.

Federal Reserve Governor Stephen Miran expressed support for substantial interest rate cuts during an interview on Fox Business Network on Tuesday.

Oil prices rose sharply in Asian trade on Wednesday as reports of growing tensions between the U.S. and Iran pushed up concerns over potential supply disruptions in the Middle East.

Indonesia’s automotive industry has set a national car sales target of 850,000 units in 2026, betting on a modest recovery after vehicle sales declined last year, according to the Association of Indonesian Automotive Industries (Gaikindo).

Electric vehicles are likely to make up 85% of new car sales in the EU from 2035, based on its plans to drop an effective ban on new combustion-engine models, although that share could drop as low as 50%, clean transport advocacy group T&E said.