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Hong Kong - Asian markets on Tuesday mostly rebounded from the previous day's losses on bargain buying in cautious trade ahead of a closely watched policy meeting at the Federal Reserve.
With the focus on the US central bank, investors brushed off losses on Wall Street, while Japanese shares enjoyed a pick-up thanks to a weakening yen.
Tokyo surged 1.53%, or 208.69 points to 13 869.82, snapping a four-day losing streak that saw it give up 7.6%. Seoul added 0.90%, or 17.16 points, to close at 1 917.05 and Sydney was flat, edging up 0.87 points to 5 047.2.
Shanghai added 0.70%, or 13.76 points, to end at 1 990.06 and Hong Kong advanced 0.48%, or 103.81 points, to 21 953.96.
Investors are sitting on the sidelines before the Fed's policy statement on Wednesday that they hope will provide an idea of its intentions for its $85bn a month stimulus programme.
Most economists expect the scheme to be kept in place for the time being as the bank waits for the economy to show signs it can stand on its own two feet.
Also in traders' sights this week are the release of non-farm jobs, second-quarter gross domestic growth and home prices.
In Tokyo investors seemed to shrug off data showing industrial output fell a heavier-than-expected 3.3 percent month on month in June, while household spending also slipped.
However, the silver lining was news that unemployment had fallen to 3.9%, its lowest level since October 2008.
Taipei rose 0.98%, or 79.05 points, to 8 163.55. Taiwan Semiconductor Manufacturing Co was 2.0% higher at Tw$102.0, while leading smartphone lens maker Largan Precision gained 3.86% at Tw$1,075. -- Manila closed 0.15% higher, adding 10.34 points to 6 728.00.
Manila Electric Co. rose 0.27% to 292 pesos, while Ayala Land advanced 0.33% to 30.65 pesos and BDO Unibank gained 2.01% to 83.70 pesos.
Wellington fell 0.61%, or 27.89 points, to 4 550.59.
Chorus was off 2.84% at NZ$2.74, Telecom fell 2.18% to NZ$2.245 and Air New Zealand was steady on NZ$1.45.
