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.

Asian shares are mixed in mostly muted trading, despite anticipation for a market reaction to the inauguration of U.S. President Donald Trump.

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies