In Asian markets, Hong Kong, Tokyo, Seoul, Taipei and Manila advanced, while Shanghai, Wellington and Singapore were down.
Currency markets were relatively steady, with the yen slightly weaker and the yuan ticking higher.
It followed significant gains in the US markets.
The Nasdaq led major US indices, piling on 1.2 per cent behind big gains in most tech giants, including Nvidia and Google parent Alphabet.
That came despite a US wholesale inflation report that greatly exceeded expectations, following Tuesday’s rise in the consumer price index.
Wholesale prices rose 6 per cent for the 12 months ending in April, according to US Department of Labor data.
Month-on-month increases greatly exceeded expectations and were at their highest level since March 2022.
The average price of a gallon of diesel in the United States is up around 50 per cent since the start of the war, according to the AAA motor club.
Investors are now looking to the Trump-Xi talks for direction, with even modest progress on trade or technology cooperation seen as enough to boost risk appetite in the near term.