Asian shares were higher, with Australia shrugging off weak GDP and Japan's benchmark index up on an announcement by U.S. President-Elect Donald Trump that saw SoftBank shares gain smartly.
In Japan, the Nikkei 225 Index gained 136.15 points, or 0.7%, to 18,496.69
The Hang Seng Index in Hong Kong spiked 125.77 points, or 0.6%, to 22,800.92
SoftBank, the fourth most heavily-weighted component on the Nikkei, jumped as high as 6.2% at 7,387 yen ($63.99), after Trump announced that the Japanese telco would invest $50 billion in the U.S. and aim to create 50,000 jobs in the next four years.
The paperwork from Trump's meeting with Softbank also featured the logo of Foxconn, known as Hon Hai, a supplier of Apple's iPhones.
However it remains unclear what role Foxconn would play in the deal. The Taiwan-listed Foxconn stock was up 1.1% at 83.60 new Taiwan dollars per share.
In other news, Japan's lower house passed a bill to legalize casinos on Tuesday which could benefit global casino operators such as Genting Singapore, which was up as high as 3.1% at 1.01 Singapore dollar per share.
Elsewhere, South Korea's Kospi closed up slightly, as the Finance Minister Yoo Il-ho said that consumer sentiment is softening due to political uncertainties about the country's political leadership and financial market volatility
Samsung Electronics surged 1.4% to 1,773,000 Korean won after Tuesday's news that the U.S. Supreme Court ruled for Samsung in a dispute over damages related to Apple's iPhone design. The ruling saved Samsung $399 million U.S., previously awarded to Apple in a lower court ruling for infringing on Apple's iPhone designs.
Australian markets saw broad strength across all sub-indexes, except for energy, which was down 0.7% on lower oil prices.
Third-quarter gross domestic product fell 0.5% on-quarter, the Australian Bureau of Statistics said, and rose 1.8% on-year, well below media forecasts of a 0.3% on-quarter rise and a 2.5% on-year increase.
Second-quarter GDP was revised up to 0.6%, from an initial reading of 0.5%. The third quarter decline was the biggest since 2008 and may feed Reserve Bank of Australia views on monetary policy.
The Australian dollar fell 0.4% against the U.S. dollar, fetching $0.7424 as of early afternoon local time.
In other markets
In Shanghai, the CSI 300 picked up 16.6 points, or 0.5%, to 3,475.75
In Korea, the Kospi squeezed higher 2.03 points, or 0.1%, at 1,991.89
The Straits Times Index in Singapore added 10.72 points, or 0.4%, to 2,959.84
In Taiwan, the Taiex Index improved 13.12 points, or 0.1%, to 9,263.89
The NZX 50 fell 20.59 points, or 0.3%, at 6,889.77
Australia's ASX 200 vaulted 49.41 points, or 0.9%, at 5,478.10
