Major markets in Asia-Pacific traded higher on Wednesday as the US administration readies a fresh round of tariffs. During the session, Japan's Nikkei 225 slipped to its lowest since September, while automakers in Japan and South Korea fell.

At 7:16 am CET, the Nikkei 225 grew by 0.39%, while Australia's S&P/ASX 200 rose 0.12% at the close of its trading session. South Korea's Kospi decreased by 0.70% at 7:17 am CET.

In mainland China, the Shenzhen Composite improved by 0.37% at 7:02 am CET, while the Shanghai Composite was flat at 7:18 am CET. Hong Kong's Hang Seng was also muted.

In currency markets, the dollar rose by 0.21% compared to the Japanese yen at 7:19 am CET, trading for ¥149.9090.