Malaysia’s national carmaker Proton Holdings Bhd reported on Tuesday that its vehicle sales nearly doubled year-on-year (y-o-y) in January, driven by strong demand for the Proton Saga, which recorded its highest-ever monthly sales volume.
Japan's services activity expanded at its quickest pace in nearly a year while the overall private sector posted the fastest growth in 32 months, buoyed by robust demand, a private sector survey showed on Wednesday.
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.