The Indonesia stock market on Tuesday snapped the two-day slide in which it had dropped more than 90 points or 1.2 percent. The Jakarta Composite Index now sits just above the 7,110-point plateau and it's tipped to open in the green again on Wednesday.

Australian shares are trading notably higher on Wednesday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,700 level, following the broadly positive cues from global markets overnight, with gains in most sectors led by technology stocks. Iron ore miners were the only weak spot.

The Hong Kong stock market has moved higher in two straight sessions, gathering more than 600 points or 3.8 percent along the way. The Hang Seng Index now sits just beneath the 16,830-point plateau and it's tipped to see additional support on Wednesday.

The China stock market has moved lower in three straight sessions, sinking more than 50 points or 1.7 percent in that span. The Shanghai Composite Index now sits just above the 3,020-point plateau although it may stop the bleeding on Wednesday.

The Taiwan stock market on Tuesday ended the two-day losing streak in which it had plummeted almost 900 points or 4.4 percent. The Taiwan Stock Exchange now sits just beneath the 19,600-point plateau and it may see additional support on Wednesday.

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia.

Gold-dollar down 2.4%, MACD negative. Euro-dollar flat, ROC negative. Pound-dollar dips 0.2%, oversold. Bitcoin-dollar jumps 2.3%, stochastic positive. Wall Street rebounds, eyes on earnings. Bitcoin demand slows post-halving. Tesla expects profit margin decline. Major events: US Redbook Index, New Home Sales, 2-Year Note Auction; Japan's PMI; UK's Net Borrowing.

Gold dives towards 2,300; MACD and RSI decline from overbought regions; Price post bearish correction

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The market spotlight shifts to the U.S. equity market, particularly with the impending release of earnings reports from tech giants .