Asian equity markets ended mostly higher on Wednesday as wall street touched record highs overnight after Federal Reserve Chair Janet Yellen painted a largely upbeat picture of the world's largest economy during the first day of her two-day testimony and indicated the central bank could raise short-term interest rates at its next policy meeting in March. Japanese shares rose sharply as the yen's weakness lifted exporters and the prospects of a US rate rise lifted US Treasury yields and helped spur a broad-based rally in banks and insurers. However, Chinese stocks ended lower, as technology and resource stocks took a breather after their recent strong rally.
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