Asian markets rose on Wednesday, boosted by another record high for the Dow on Wall Street while concerns over the Cyprus bailout receded.

The euro also edged higher, although dealers remain uneasy about the outlook for the wider euro zone in light of the Cyprus crisis while there is also ongoing political uncertainty in Italy.

Hong Kong rose 0.74 per cent, Sydney added 0.52 per cent, Shanghai climbed 0.81 per cent and Seoul advanced 0.36 per cent, while Tokyo edged up 0.04 per cent by the break.