The People's Bank of China building in Beijing on December 15, 2022.
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Asia-Pacific markets rose as investors digested the Bank of Japan's historic shift in monetary policy and awaited the US Federal Reserve's interest rate decision.
The Bank of Japan on Tuesday raised interest rates for the first time in 17 years and scrapped its yield curve control policy, pushing the Nikkei index above the 40,000 level for the first time in nearly two weeks.
Investors are also focusing on China, where the People's Bank of China is scheduled to announce key interest rates on one- and five-year loans. The one-year LPR serves as the peg for most household and business loans, while the five-year LPR is the standard for most mortgages.
in Australia, Standard & Poor's/ASX 200 It rose 0.17%, a day after the country's central bank kept interest rates at 4.35% for the third meeting in a row.
South Korea Cosby Heavyweight Samsung Electronics rose 1.12%, supported by gains of 1.37%, while small-cap stock Kosdaq rose 0.34%.
Hong Kong's Hang Seng Index is also poised for a stronger open, with HSI futures reaching 16,629 compared to the index's last close of 16,529.48.
Japan Nikki 225 Closed for public holiday.
Overnight in the US, all three major indexes rose as the Federal Reserve began its two-day policy meeting.
The central bank is expected to keep interest rates unchanged on Wednesday. However, recent reports of worrying inflation have investors concerned that the central bank may signal that interest rates will remain higher for longer than expected.
the Dow Jones Industrial Average It rose by 0.83%, recording its best day since February 22, while the index rose Standard & Poor's 500 It rose by 0.56% to close at 5,178.51, setting a new record. the Nasdaq Composite Advanced 0.39%
CNBC's Pia Singh and Brian Evans contributed to this report
