Asian stocks rose after bets on rate cuts in global markets, Reuters reported.

According to Amac News: The report states that MSCI's broadest index of Asia-Pacific shares outside Japan increased by 0.76 percent.
The Nikkei fell 1 percent as the Japanese yen rallied again, Reuters reported.
In India, the Nifty 50 index struggled to navigate choppy trading after falling nearly 6 percent on Tuesday, its worst period in four years, as foreign investors sold about $1.5 billion in stocks.
In commodities, oil prices hit the lowest level in the last four months.
Brent crude oil last traded at $77.49 a barrel, while U.S. West Texas Intermediate (WTI) crude traded slightly lower at $73.19 a barrel.