Asia-Pacific markets were mixed, with investors eyeing Japan's August economic data.
Mainland China markets opened sharply higher on Tuesday, with the CSI 300 index soaring by more than 10% in early trading following the weeklong Golden Week holiday.
In stark contrast, Hong Kong's Hang Seng index plunged by over 6%, as the divergence between the two markets underscored varying investor sentiment in the region.
Elsewhere in Asia-Pacific, most markets experienced losses on Tuesday. Investors were particularly focused on economic data from Japan, where household spending dropped by 1.9% year-on-year in August, a smaller decline than the 2.6% expected by economists.
Despite the softer drop, it marked the fastest pace of decline since January, which had seen a 6.3% contraction. The decline occurred before Japan's spring wage negotiations, which resulted in the largest pay hikes for unionised workers in 33 years.
However, real wages in Japan showed positive growth in August, rising 2% to an average of ¥574,334 ($3,877). Despite this, Japan’s benchmark Nikkei 225 fell by 1%, and the Topix index slipped 1.06% following the release of the data.
South Korea's Kospi index also saw a 0.7% decline, with shares of tech giant Samsung Electronics under pressure after the company issued disappointing third-quarter earnings guidance.
