"After LME halted trading, we are seeing metal prices pull back, broadly alleviating pressure on inflation and this is helping Asia Pacific markets as a lot of them are net importers of raw materials and energy products," said Margaret Yang, a Singapore-based strategist with DailyFX. Equity markets in the Philippines .PSI and Singapore .STI jumped more than 1% each, while stocks in Indonesia .JKSE and India .NSEI also added nearly a percent. Risk appetite also grew after the London Metal Exchange (LME) halted nickel trading and cancelled trades on Tuesday after prices doubled to more than $100,000 per tonne.