Amid persisting inflation and omicron concerns, Asian markets closed mixed on Wednesday.

Since the second half of last week, rising tensions between Russia, the US, and NATO over Ukraine have kept the global risk appetite low, with investors focusing on the Fed Open Market Committee (FOMC) meeting that convened on Tuesday and its Chairman Jerome Powell’s press conference.

The Asia Dow, which includes the region’s blue-chip companies, lost 3.12 points, or 0.08%, to close at 3,696 points.

The Nikkei 225 index in Tokyo shed 120.01 points, or 0.44%, to end the day at 27,011, while China’s Shanghai stock exchange rose by 22.61 points, or 0.66%, to 3,455.

The Indian Sensex benchmark increased by 366.64 points, or 0.64%, to close at 3,455.

On the other hand, the Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, went up by 46.29 points, or 0.19%, to 24,289, while the Singapore index rose by 25.51 points, or 0.79%, to 3,273.​​​​​​​

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