Markets in the Asia-Pacific region traded mostly higher on Wednesday, but shares in mainland China and Hong Kong lost ground.
Nikkei 225 on Wednesday rose 34.16 points, or 0.1%, to 29,730.79 points.
The Japanese yen moved up to 109.84 per US dollar, down from the previous level of around 109.56.
In Hong Kong, the Hang Seng Index returned after a long weekend, falling 263.94 points, or 0.9%, to 28,674.80.
Korean markets are up. Samsung Electronics shares fell 0.5% after the chip and smartphone maker released a profit forecast for the first three months of 2021.
Samsung said it estimates operating income for the quarter at KRW 9.3 trillion (US $ 8.3 billion), up 44% from a year ago. The company did not provide a detailed breakdown due to be provided later this month.
Australian markets were higher, with all sectors closing higher. Major bank stocks recovered previous losses and closed in positive territory, with ANZ up 0.3%, National Australia Bank up 0.4%, Westpac up 0.6% and Commonwealth Bank up 0.6%.
The spring meeting of the World Bank and the International Monetary Fund is practically continuing.
The IMF has revised its forecast for the global economy. On Tuesday, the organization said it expects 6% growth in 2021, up from its January forecast of 5.5%, and chief economist Gita Gopinath said that despite the continuing uncertainty surrounding the pandemic, “the way out of this medical and economic crisis is becoming all the more obvious. visible “.
Commonwealth Bank of Australia analysts said in a note on Wednesday that they do not expect the World Bank / IMF meeting to become the main driver of financial markets.
The Australian dollar was down 0.43% to hit $ 0.7632.
In other markets
In Shanghai, the CSI 300 fell 36.3 points, or 0.7%, to 5,103.74 points.
In Singapore, the Straits Times Index fell 11.87 points, or 0.4%, to 3195.76.
In Korea, the Kospi Index rose 10.33 points, or 0.3%, to 3137.41 points.
In Taiwan, the Taiex Index rose 75.49 points, or 0.5%, to 16,815.36 points.
In New Zealand, the NZX 50 rose 87.11 points, or 0.7%, to 12,487.59.
In Australia, the ASX 200 gained 42.16 points, or 0.6%, to 6928.02.