Asia-Pacific markets mostly extended gains from Monday as tech shares rebounded on Wall Street and investors assess flash business activity figures from Australia, Japan and India.
Figures from S&P Global show that Australia's composite purchasing managers index hit a two-year high, coming in at 53.6 against March's 53.3.
Japan and India also recorded faster rates of expansion in their business activity in April.
Hong Kong's Hang Seng index climbed almost 2%, leading gains in Asia, while the CSI 300 on mainland China slipped 0.7% to 3,506.22, marking a third straight day of losses.
Japan's Nikkei 225 gained 0.3%, ending at 37,552.16, while the broad based Topix was up 0.14% at 2,666.23.
The S&P/ASX 200 advanced up 0.45% after the PMI release, closing at 7,683.5.
South Korea's Kospi inched down to 0.24% to 2,623.02, and the small cap Kosdaq lost 0.04% to end at 845.44.
Overnight in the U.S., the S&P 500 and Nasdaq Composite both snapped six-day losing streaks, gaining 0.87% and 1.11% respectively, while the Dow Jones Industrial Average climbed 0.67%,
Chipmaker and artificial intelligence favorite Nvidia climbed 4.4%, bouncing from a nearly 14% sell-off last week, its worst since September 2022. Arm Holdings also rebounded nearly 7% on Monday.
U.S. crude prices slipped after Iran said it will not escalate the conflict with Israel. Investors had been concerned higher oil prices could contribute to inflation, leading the Federal Reserve to hold off on cutting rates.
— CNBC's Brian Evans and Jesse Pound contributed to this report.