By Juliana Liu, CNN Hong Kong (CNN) — Asian markets made solid gains on Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The benchmark Nikkei 225 gained 3%, bouncing back from losses of 2.5% earlier in the session, following fresh comments from Shinichi Uchida, deputy governor of the Bank of Japan (BOJ). Elsewhere in Asia, South Korea’s Kospi gained 2.4%, while Hong Kong’s Hang Seng index was 1.3% higher. Taiwan’s Taiex was up 3.8%. The gains follow days of volatility, which saw the Nikkei suffering on Monday its biggest daily loss since 1987. According to Reuters, Uchida said the in
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