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• Japanese stocks edged towards two-year highs on Tuesday as exporters benefited from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year.

Japan's benchmark Nikkei .N225 was last up 0.3 percent at 20,210.09 in subdued trading. A rise above20,318.11, a peak scaled a week ago, would take the Nikkei to its highest since August 2015.

• China stocks recouped earlier losses to end higher on Tuesday, but investors turned cautious amid a strong rally in blue-chips after MSCI decided last weeek to add 222 China-listed stocks to its Emerging Markets Index.

The blue-chip CSI300 index rose 0.2 percent, to 3,674.72 points, while the Shanghai Composite Index also added 0.2 percent to 3,191.20 points.

• Hong Kong's benchmark indexes were little changed.

The Hang Seng index added 0.1 percent, to 25,894.55 points, while the Hong Kong China Enterprises Index lost 0.2 percent, to 10,508.37.

The upward momentum in Hang Seng appears to be losing steam, as the recent sharp rise in China blue-chips have boosted the premium mainland "A shares" command over Hong Kong "H shares" to roughly 25 percent, from a low of 13 percent three months ago.

Reference: Reuters,CNBC