06:51 AM EDT, 03/11/2026 (MT Newswires) -- Asian stock markets largely sustained a relief rally Wednesday, as global oil prices remained well below triple-digits, and after US President Donald Trump vowed to open the Strait of Hormuz.

Shanghai and Tokyo finished in the green, although Hong Kong edged lower. Most other regional exchanges tracked north, led by a 4.1% rise on Taiwan's TWSE Index.

In Japan, the Nikkei 225 opened higher and held ground, finishing up 1.4% as traders weighed somewhat stable oil prices. A softer yen undergirded export issues.

The benchmark Nikkei 225 rose 776.98 to 55,025.37, as gaining issues outnumbered losers 160 to 63.

Leading the upside was bank Resonac, up 10.4%, while medical-device maker Olympus declined 5%.

In economic news, Japan's producer price index (PPI) declined 0.1% in February from January, and rose 2% from a year earlier, reported the Bank of Japan.

In Hong Kong, the Hang Seng Index opened evenly, waffled and slipped 0.2% at the close, in part after media reports that Beijing authorities are considering restrictions on "Open Claw," a growing open-source AI agent platform in China.

The broad gauge Hang Seng fell 61.14 to 25,898.76, although gaining issues outnumbered losers 45 to 42. The Hang Seng TECH Index lost 0.1% on the day, while the Mainland Properties Index rose 0.3%.

Leading the upside was Contemporary Amperex Technology, gaining 9%, while hotpot dining-chain HaiDiLao declined 3.8%.

On the mainland, the Shanghai Composite rose 0.3% to 4,133.43.

On the other regional exchanges, the S. Korean KOSPI rose 1.4%; the Taiwan TWSE inclined 4.1%; the Australian ASX 200 inclined 0.6%; the Singapore Straits Times Index rose 0.1%, and the Thai Set inclined 0.1%. In late trading in Mumbai, the Sensex was down 1.7%.

The MSCI All Country Asia Pacific Index rose 0.9% on the day.