Major Asian markets are trading higher on Wednesday. Yellen kept her cautious approach regarding the monetary tightening pace, despite a faster-than-expected rise in certain inflation indices closely monitored by the Fed, while the labour market continued to show strengthening signs.
In addition, Gold touched $1242 high and trading around $1235 marks. On the other side, Japanese Yen gains against US dollar and trading around 112.50 marks.
The Nikkei 225 index was seen trading 0.63% lower at 16,995.87 points on Wednesday morning in Asia, while Tokyo's broader Topix gauge pared early losses to trade 0.22% lower at 1,374.58 points.
The Shanghai Composite rallied 1.63% to 2,967.74 points in early trade on Wednesday, while Hong Kong's Hang Seng index jumped 1.62% to 20,696.45 points.
South Korea's Kospi index gained 0.31% to trade at 2,001.07 points on Wednesday.
Australia's S&P/ASX 200 index rose 0.01% to 5,005.20 points on Wednesday afternoon in Sydney.
New Zealand's benchmark S&P/NZX 50 index rose 0.44% to 6,705.60 points on Wednesday in Wellington.
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