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Oil refiners are ramping up output to meet a synchronised uptick in demand across Asia, Europe and the United States, but plant maintenance and high natural gas prices will constrain supply in the fourth quarter, company officials and analysts said.

Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high on Wednesday on rising optimism about the global economy and corporate earnings while the yen slipped to a four-year low on the dollar.

Malaysian electronics firms central to the supply of basic chips that drive the world's cars, smartphones and home devices say big-name customers are beating on their doors to lock in take-or-pay, longer-term deals - and happy to pay more if need be.

South Korea should redouble its efforts to become a global defence industry leader, President Moon Jae-in told a military expo in the outskirts of Seoul on Wednesday, after landing at the site in an air force fighter jet.

Shares from Asia to Europe gained on Wednesday on rising optimism about the global economy and corporate earnings, while government bond yields rose and the yen fell to its lowest in four years against the dollar.

The United States has offered to meet North Korea without preconditions and made clear that Washington has no hostile intent toward Pyongyang, the U.S. ambassador to the United Nations, Linda Thomas-Greenfield, said on Wednesday as the Security Council met over North Korea's latest missile launch.

Stock indexes mostly rose worldwide on Wednesday, with the Dow Jones Industrial Average touching a record intraday high, as more companies reported earnings that beat analysts' expectations, while oil prices jumped.

The European gas crisis can yet bite Russia, President Vladimir Putin said on Wednesday, should soaring prices feed into inflation, further boosting the cost of essentials such as food, or reduce demand for the fuel which is a key source of state revenue.

Stock indexes rose globally on Wednesday as more companies reported earnings that beat analysts' expectations, while the U.S. dollar dipped.

Asian shares advanced on Tuesday, supported by a tech-driven Wall Street rally, and a rebound in Chinese markets a day after weak data heightened investor concerns about the world's second-largest economy.