Asian shares climb as US rate cut fever lingers, oil holds gains

SYDNEY: Asian shares tracked Wall Street higher on Wednesday as U.S. rate cut fever lingered, while oil held on to gains from the past two days after Houthi militants' attacks on ships in the Red Sea disrupted maritime trade.

The yen nursed losses near a one-week trough and Japanese yields extended declines after the Bank of Japan held policy steady and gave no sign of when it might end negative interest rates, further aiding risk appetite.