Asia-Pacific markets are set to mostly rise, largely mirroring moves on Wall Street as U.S. stocks saw a Nvidia-fueled tech rally on Tuesday.
Investors will assess Australia's inflation numbers for July, which will inform the Reserve Bank of Australia's next monetary policy decision slated for Sep. 5. July's headline inflation print came in at 4.9%, softer than the 5.4% seen in June.
The Australian S&P/ASX 200 climbed 1.21% and led gains in the region, ending the day at 7,297.7 — the highest level since Aug 15.
Japan's Nikkei 225 saw its third straight day of gains, gaining 0.33% to close at 32,333.46, while the Topix also extended gains and rose 0.43% to end at 2,313.38.
South Korea's Kospi advanced 0.35% to finish at 2,561.22, while the Kosdaq closed up 0.83% to 923.81, its highest level since Aug 1.
In contrast, Hong Kong's Hang Seng index closed almost flat, while mainland Chinese markets were broadly mixed, with the benchmark CSI 300 blue chip index ending down 0.04% to close at 3,788.51.
Overnight in the U.S., all three major indexes advanced, with the Nasdaq Composite climbing more than 1% as investors flocked back to tech stocks.
The tech-heavy index gained 1.74%, the S&P 500 climbed 1.45% — its best day since June 2, and the Dow Jones Industrial Average added 0.85%.
— CNBC's Sarah Min and Alex Harring contributed to this report