Asia-Pacific markets mostly fell Tuesday, after Wall Street saw a tech rally led by Tesla and Qualcomm.
Tesla shares jumped 10% after Morgan Stanley upgraded the stock and predicted a significant rally ahead because of breakthroughs with its autonomous software. Qualcomm shares rose nearly 4% after the semiconductor company said it will supply Apple with 5G modems for smartphones through 2026.
Investor sentiment was also helped by a report in The Wall Street Journal on Sunday saying there was consensus among the Federal Reserve not to raise rates at next week's meeting.
Hong Kong's Hang Seng index fell 0.29% in its final hour as shares of real estate developer Country Garden Holdings climbed as much as 8.7%. This comes after creditors voted to extend repayments on six onshore bonds late Monday.
Mainland Chinese stocks were subdued, with the CSI 300 down 0.18% and ending the day at 3,760.6.
In Australia, the S&P/ASX 200 closed 0.2% higher at 7,206.9, extending gains from Monday as the country's business confidence survey for August strengthened to +2, up from +1 in July.
South Korea's Kospi slipped 0.79% to end at 2,536.58, and the Kosdaq finished 1.59% lower at 898.04, the lowest level in two weeks.
Japan's Nikkei 225 was 0.95% up, snapping a three day losing streak and closing at 32,776.37. The Topix also rebounded and gained 0.82% to end at 2,379.91, inching closer to a new 33-year high.
Overnight in the U.S., all three major indexes gained ground as tech rallied, with the Nasdaq Composite leading gains and rising 1.14%.
The S&P 500 gained 0.67% and the Dow Jones Industrial Average 0.25%, aided by a rise in Walt Disney shares.
— CNBC's Sarah Min and Tanaya Macheel contributed to this report.