Asian equities were higher on Tuesday, with the ASX recovering earlier losses to struggle into positive territory.
The Reserve Bank of Australia (RBA) held cash rates steady at 1.5 percent, saying it would assess the impact of previous cuts in August and May.
The Australian benchmark ASX 200, which barely budged on RBA's widely expected decision, closed up 0.1 percent, or 5.486 points, at 5,484, buoyed by the materials subindex, which rose 0.59 percent, and energy subindex, which gained 0.91 percent.
"Going into the announcement ASX futures had only priced in a 2 percent odds of a cut whilst the AUD remained elevated to back up this consensus view," Matt Simpson, senior market analyst at ThinkMarkets, said in a note after the decision. The Australian dollar traded at $0.7661 against the greenback at 2:46 pm HK/SIN.
Gaming solutions developer Aristocrat Leisure jumped 1.5 percent to A$16.28, its highest in nine years, after Reuters reported that the Australian firm reached a cross-licensing agreement with U.S.-based International Game Technology.
China Evergrande Group jumped 8.97 percent in Hong Kong, after it unveiled plans to spin off most of its property assets and list them on the Shenzhen stock exchange in search of a better valuation.
Evergrande said on Monday that it would become the controlling shareholder of Shenzhen Real Estate, after the state-backed Shenzhen property developer issued new shares and cash to an Evergrande subsidiary, in exchange from Chinese property assets.