Asian stocks rose for a second session on Tuesday on hopes that growth in the world's second-largest economy has finally stabilized.
Investors have turned increasingly optimistic on China in recent sessions on the back of improving economic data such as HSBC's July factory activity report, sending the Shanghai Composite to seven-month highs and Hong Kong's Hang Seng Index to four-year peaks.
Key risk-events later this week were also in focus. The Federal Reserve's monetary policy decision is due on Wednesday and the central bank is expected to cut its monthly asset purchases by another $10 billion to $25 billion. U.S. second-quarter gross domestic product and China's official purchasing manager's index (PMI) are also on tap this week.