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.

On an overall basis, global fund managers expect less than 5 per cent return from Asia ex-Japan stocks in the next one year, BofA Securities' survey findings suggest.

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.

A look at the day ahead in Asian markets. The first full day of financial market trading in U.S. President Donald Trump's second term in office is set to get off to a strong start on Tuesday, with Trump's seemingly more measured approach to tariffs giving investor sentiment an instant shot in the arm.

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.