In Asian Equity Markets indices traded down on Wednesday despite an overnight rally on Wall Street as investors assessed fresh uncertainties surrounding the U.K.’s withdrawal from the European Union. Japan’s Nikkei 225 fell about 0.7 percent in early trade while the Topix index falling 0.52 percent. In South Korea, the Kospi traded near flat at about 0.09 percent. In Australia, the benchmark ASX 200 trimmed fractional gains to trade flat after the first hours of trade. The heavily-weighted financial sub-index added 0.39 percent, with the country’s so-called Big Four banks rising.

In Currency Markets the pound steadied early on Wednesday following a volatile overnight session after British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin. The Parliament on Tuesday voted 432-202 against May’s deal, the worst parliamentary defeat for a government in recent British history. Sterling had fell more than 1 percent against the dollar earlier on Tuesday but rallied back after the parliamentary vote. It traded a shade higher at $1.2864 after gyrating between a low of $1.2670 and a high of $1.2917 on the previous session.

In Commodities Markets oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses due to grim data in the world’s second-largest economy. Brent crude rose $1.65, or 2.8 percent, to settle at $60.64 a barrel. U.S. crude futures ended $1.60, or 3.2 percent, higher at $52.11 a barrel. The market also found support in news that the U.S. will not grant further waivers to its sanctions on Iran.

In US Equity Markets stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc’s plans to raise fees for U.S. subscribers and hopes of more stimulus for China’s slowing economy fostered a risk-on mood among investors. The S&P 500 communication services index, which includes Netflix and Alphabet, climbed 1.7 percent. S&P 500 technology stocks advanced 1.5 percent. The S&P 500 gained 1.07 percent, to 2,610.3 and the Nasdaq Composite rose 1.71 percent, to 7,023.83.

In Bond Markets U.S. Treasury yields edged higher in choppy trading on Tuesday on prospects for a resolution concerning Britain’s exit from the European Union despite being rejected by British lawmakers. Yields initially fell after the deal’s rejection by the UK parliament, but came right back up as market participants pored over the headlines. U.S. 30-year bond yields rose to 3.075 percent, from 3.06 percent on Monday. On the short end of the curve, U.S. 2-year yields were modestly lower on the day at 2.53 percent, compared with Monday’s 2.535 percent.