Asia-Pacific markets traded higher after U.S. President Donald Trump announced plans to significantly raise tariffs on Indian exports to the country.
In Japan, the Nikkei 225 gained 258.54 points, or 0.6%, to 40,549.54.
In Hong Kong, the Hang Seng hiked 169.08 points, or 0.7%, to 24,902.53.
A few Bank of Japan board members said the central bank would consider resuming interest rate increases if trade friction de-escalates, minutes of its June policy meeting showed on Tuesday.
At the June 16-17 meeting, the BOJ kept interest rates steady at 0.5% and decided to decelerate the pace of its balance sheet drawdown next year, signaling its preference to move cautiously in removing remnants of its massive stimulus.
Shares of Mitsubishi Heavy Industries climbed after winning a $6.5-billion Australian navy contract
South Korea July consumer inflation rose 2.1% from a year earlier, as expected
In other markets
In Shanghai, the CSI 300 took on 32.75 points, or 0.8%, to 4,103.45
In Korea, the Kospi index advanced 50.25 points, or 1.6%, to 3,198.
In Singapore, the Straits Times index eked ahead 11.35 points, or 0.3%, to 4,208.53.
In Taiwan, the Taiex index ballooned 281.65 points, or 1.2%, to 23,660.59.
In New Zealand, the NZX 50 jumped 192.97points, or 1.5%, to 12,877.04.
In Australia, the ASX 200 added 106.68 points, or 1.2%, to 8,770.40
