Tuesday's gains on Wall Street, which increased slightly after U.S. retail sales data seemed to allay recession fears, were followed by gains on Asia-Pacific markets.

Due to robust movements in tech giants like Baidu, which were up 12.11% as of 3.45 p.m. local time, Hong Kong's Hang Seng Index led gains in Asia, rising 2.29% in its final hour.


The CSI 300 in mainland China, meanwhile, ended the day at 4,007.72, up 0.27%.

As the Bank of Japan begins its two-day monetary policy meeting on Tuesday, investors will be closely monitoring Japanese markets. When the meeting ends on Wednesday, it is generally anticipated that the central bank will maintain interest rates at 0.5%.

The BOJ’s two-day meeting coincides with the U.S. Federal Reserve, with the latter also expected to keep interest rates unchanged.

Japan’s benchmark Nikkei 225 ended the day 1.20% higher at 37,845.42, while the broader Topix index rose 1.29% to 2,783.56.

Over in South Korea, the Kospi index closed flat at 2,612.34 while the small-cap Kosdaq added 0.27% to end at 745.54.

Australia’s S&P/ASX 200 ended the day flat at 7,860.40, paring gains from earlier in the session.

India’s benchmark Nifty 50 added 1.20%, while the BSE Sensex increased 1.07% as at 1.15 p.m. local time.