Chinese stocks hit another three-year high on Tuesday as investors celebrated the central bank's rate cut last week while the rest of Asian indices traded mixed.
Friday's interest rate cut from the People's Bank of China, the first since 2012, was a welcome surprise for markets with experts saying the move would lower downside risks to the economy.
Oil was in focus for Asian traders, with Brent crude below $80 a barrel ahead of a closely-watched meeting of the Organization of the Petroleum Exporting Countries (OPEC) on Thursday.
"Most in the market expect OPEC to announce a modest reduction to production. However, considering the erratic communication coming out of the bloc and the reaction of the Brent price on the back of these communiques, a coordinated response looks unlikely," said Evan Lucas, market strategist at IG in a note.
Revised U.S. third-quarter gross domestic product (GDP) figures were also in the spotlight. Due later on Tuesday, the data is expected to be lowered to 3.3 percent, down from 3.5 percent.