Japan's Nikkei 225 index hits fresh record high; China trade data awaited

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Fed chair Jerome Powell reiterated the central bank's stance that it could start cutting rates this year, but was not immediately ready.

Japan's Nikkei 225 hit a fresh all-time high on Wednesday, gaining 0.54% and surpassing its March 4 record of 40,109.23.

The advance was led by energy and financial stocks, although the largest gainer on the Nikkei was motorcycle and heavy-equipment manufacturer Kawasaki Heavy Industries , rising 8.5% within the first half hour of trade. Other names on the top gainers list included financial services firm Sumitomo Mitsui Trust Holdings , and copper ore company Mitsui Mining & Smelting . 7012.

 

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