Asian markets opened higher on Wednesday after a quiet session on Wall Street as buying slowed after a broad rally the day before fueled by hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared.

Shares were mixed in Asia on Tuesday, with Chinese markets retreating, following a broad rally on Wall Street fueled by hopes the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week.

Wall Street was sharply higher before the opening bell on Monday as last week's momentum spilled over into the new trading week. Nasdaq futures climbed 1.4%. Investors turned their attention to corporate news while awaiting the latest developments on U.