Asian-Pacific markets rose Wednesday as traders grew optimistic that the U.S. will avert the "fiscal cliff." Australian and Hong Kong indexes finished at 16-month highs. Australia's S&P/ASX 200 edged up 0.2%. Hong Kong's Hang Seng Index closed up 0.8%. Japan's Nikkei 225 gained 0.6%. China's Shanghai Composite moved up 0.4%. Taiwan's Taiex rose 1%. South Korea's Kospi added 0.6%. India's Sensex was down 0.2% at midafternoon.