Stocks in India soared Wednesday on speculation that the government will soon initiate positive economic reforms now that the Left party has dropped its support for the ruling UPA government. Traders said a sharp pull back in crude oil prices from record highs also boosted sentiment across the Far East.

Stocks from India making moves and news in the U.S. include HDFC Bank ( HDB - Get Report), ICICI Bank ( IBN), and Infosys Systems ( INFY - Get Report).

Stocks in mainland China and Hong Kong rose sharply Wednesday after crude oil prices eased and speculation picked up that inflation data for June will come in below analyst's expectations. Traders also credited the rally to rumors that China will change its tight monetary policy in an effort to aid the ailing real estate market.

Stocks from China making moves and news in the U.S. include ReneSola ( SOL - Get Report), Sinovac Biotech ( SVA), American Oriental Bioengineering ( AOB), and Focus Media ( FMCN).

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