ASIAN markets have mostly risen, boosted by positive inflation data from China, but Tokyo's winning streak ended on profit-taking as the yen edged up after hitting multi-year lows.
Wall Street also provided a strong lead ahead of the January-March corporate earnings season.
Tokyo ended flat, edging down 0.24 points to 13,192.35 following an almost 10 per cent rally since Wednesday fuelled by the Bank of Japan's (BoJ) stimulus measures.
But Sydney added 1.45 per cent or 71.3 points to 4,976.8, while Seoul was 0.11 per cent higher, adding 2.05 points to 1,920.74.
Shanghai was 0.64 per cent higher, adding 14.19 points to 2,225.78, while Hong Kong added 0.70 per cent, or 152.29 points, to 21,870.34.
Beijing unveiled data on Tuesday showing inflation at 2.1 per cent in March, well down from the 10-month-high 3.2 per cent seen the month before and below forecasts for 2.4 per cent.
The news eased investor concerns that another high figure would prompt authorities to tighten monetary policy further.
Chinese shares have suffered in recent months on concerns about the world's number two economy, while the recent spike in inflation fuelled expectations the government would tighten monetary policy.
Inflation is a key issue for the ruling Communist Party as it brings with it the risk of popular discontent and the threat of social unrest.
Tokyo investors have gone on a buying spree since the BoJ last week unveiled a huge stimulus package aimed at reversing decades of deflation.
The yen has lost almost eight per cent since the bank announced its shift in monetary policy that will see a flood of cash hit financial markets.
In early European trade the dollar bought 99.00 yen from 99.36 yen in New York late on Monday - around levels not seen since May 2009.
The European unit was at $1.3033 compared with $1.3005.
New York trading ended on a positive note, providing more lift to Asia in anticipation of positive earnings reports.
The Dow rose 0.33 per cent and the S&P 500 put on 0.63 per cent, while the Nasdaq added 0.57 per cent.
Oil prices rose, with New York's main contract, light sweet crude for delivery in May, adding 24 cents to $93.60 a barrel and Brent North Sea crude for May up 43 cents to $105.09.
Gold was at $1,571.97 an ounce at 1045 GMT compared with $1,577.10 late on Monday.
In other markets:
-- Singapore climbed 0.36 per cent, or 11.96 points, to 3,296.57.
-- Taipei ended 0.31 per cent lower, shedding 24.25 points to 7,728.54.
-- Wellington was flat, edging down 2.00 points to 4,395.21.
Fletcher Building ended off 1.73 per cent at NZ$8.50, Chorus was flat on NZ$2.69 and Telecom Corp closed up 1.67 per cent at NZ$2.44.
-- Jakarta closed flat, edging up 0.04 per cent or 2.07 points to 4,899.59.
-- Kuala Lumpur added 0.14 per cent, or 2.28 points, to 1,690.27.
-- Bangkok lost 1.26 per cent or 18.81 points to 1,470.72.
-- Mumbai's Sensex index fell 1.15 per cent or 211.30 points to 18,226.48.
-- Manila was closed for a public holiday.
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