Asia-Pacific shares were mixed as traders looked ahead to Federal Reserve Chair Jerome Powell's congressional testimony on Tuesday and Wednesday, which will inform the central bank's next moves on its rate-hiking decision.
In Australia, the S&P/ASX 200 closed 0.49% higher to end at 7,364.7. The RBA raised its overnight cash rate by 25 basis points to 3.6%, which would mark the highest rate since June 2012. The country also posted a narrow trade surplus for January, according to official data.
Japan's Nikkei 225's rose 0.25% to 28,309.16 while the Topix added 0.40% to close at 2,044.98. South Korea's Kospi inched up fractionally to 2,463.35 while the Kosdaq slipped 0.09% to 815.76.
Hong Kong's Hang Seng index traded 0.66% lower. In mainland China, the Shanghai Composite lost 1.11% while the Shenzhen Component was down 1.978%.
Philippines' inflation showed signs of easing as consumer price index for February rose 8.6% year-on-year, based on official data.
China will post its trade data later in the day. Thailand's inflation data is also slated for release.
Overnight in the U.S., stocks largely held onto gains as the Dow notched a four-day win streak. Powell is set to appear before Congress with the task of convincing legislators that he's committed to bringing down inflation while not dragging the economy down.