Asia-Pacific markets opened mostly higher Tuesday, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead of key inflation data.
Traders in Asia assessed Beijing's announcement of "more proactive" fiscal measures and "moderately" looser monetary policy next year aimed at boosting domestic consumption.
The news, which came from an official readout late Tuesday after mainland China market had closed, sent Hong Kong's Hang Seng index nearly 3% higher.
Hang Seng index
futures were at 21,359, higher than the HSI's last close of 20,414.09.
Investors also await an interest rate decision from Australia set for later in the day. A poll from Reuters expects the Reserve Bank of Australia to hold the benchmark rate at 4.35% for the 10th consecutive time.
Australia's S&P/ASX 200 was trading down 0.25%.
Source: CNBC
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