Asian stocks were mixed on Wednesday after U.S. President Donald Trump's latest comments on tariffs raised uncertainty in Chinese markets. U.S. futures edged higher and oil prices declined. Investors in Asia were relieved on Monday after Trump decided not to immediately impose significant tariffs on China.

Following his victory in November, the broader market was propelled higher, with financial stocks surging on the prospect of less oversight. Additionally, many of stock markets most-influential businesses have jumped on the belief that Trump will target another round of corporate income tax rate cuts — at least for businesses that make their products in America.

Global stock markets rose on Tuesday, after US President Donald Trump stopped short of announcing new tariffs on his first day in office. The three main US indexes ended the day higher, while shares in Europe and Asia also made modest gains.

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies.

U.S. stocks were gaining early Wednesday as traders digested President Donald Trump’s policy plans. His early announcements eased concerns about tariffs on imports and bolstered the outlook for technology companies.

Stock markets in the Asia-Pacific region have moved higher after President Donald Trump outlined a pro-business agenda for his second term in the White House and stopped short of imposing new trade tariffs on his first day in office.