Asian markets open in the green; FOMC minutes, OPEC meeting in focus

Major indexes in Asia opened higher on Wednesday as investors looked ahead to US Federal Reserve views on interest rate hike prospects and await an upcoming OPEC meeting widely expected to extend production cuts for nine months to March 2018.

Oil prices held steady after ending the last session higher. Prices had dipped earlier in the last session on news that the White House planned to sell half of the US oil stockpile. Brent crude was mostly flat, trading 0.02 percent lower at USD 54.13 a barrel and US West Texas International crude edged down 0.04 percent to trade at USD 51.45.

The Nikkei 225 jumped 0.79 percent in early Wednesday trade while the Kospi rose a more modest 0.31 percent. Australia's benchmark S&P/ASX 200 index edged higher by 0.1 percent.

Over in Japan, Toshiba's US nuclear arm Westinghouse Electric announced it had negotiated a deal that would let the company borrow USD 800 million. Toshiba shares were up 0.47 percent in early trade.

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