Asian shares were mostly higher Wednesday, following a retreat on Wall Street as U.S. inflation rose higher than expected in October, while U.S. futures edged higher and oil prices rose.

Taiwan led the regional markets as its benchmark's Taiex rose 3. 6%.

Taiwan Semiconductor Manufacturing Co., or TSMC, climbed 3. 1% after the AI chipmaker reported its October revenue was nearly six-fold higher than a year earlier, showing that demand for AI chips remains solid.