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• Asian stocks held ground on Tuesday though Chinese equities surged to a fresh 2-1/2 month high as domestic funds piled into financial counters on expectations the world's second biggest economy may have turned a corner.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.2 percent on Tuesday and held below a 19-month peak hit last Thursday. The index is up more than 11 percent since Dec. 23, which marked the trough in a selloff triggered by Donald Trump's surprise win at the U.S. election in November.

• Japanese stocks rose on Tuesday as the weaker yen helped overall sentiment, while the paper sector outperformed on a report that a major producer intends to raise printing paper prices.

The Nikkei gained 0.7 percent to 19,381.44.

• China stocks extended gains on Tuesday to close at a near three-month high, as expectations for big flows into stock markets from pension funds continued to improve risk appetite.

The blue-chip CSI300 index rose 0.3 percent, to 3,482.82 points, while the Shanghai Composite Index added 0.4 percent to 3,253.33 points, its highest close since Dec. 1.

• Hong Kong stocks suffered their biggest one-day loss in a month on Tuesday, hurt by index heavyweight HSBC Holdings PLC after it posted a bigger-than-expected drop in its 2016 profit.

The benchmark Hang Seng index erased early gains and ended down 0.8 percent at 23,963.63 points, while Hong Kong China Enterprises Index lost 0.4 percent to 10,408.56.

Reference: CNBC, Reuters