Japan: Japan's Nikkei share average ended higher on Tuesday, as chip-related heavyweights recovered from heavy losses in the previous session. The Nikkei closed up 2.17% at 65,416.63. The index fell 3.85% on Monday, its largest one-day loss in three months. The broader Topix index also rose 1.14 percent, closing at 3,896.11 points.

According to Qatar News Agency, chip-making equipment maker Tokyo Electron jumped 8.91%, and chip-testing equipment maker Advantest gained 4.34%, becoming the biggest source for the Nikkei's gain. Meanwhile, technology investor SoftBank Group and fibre optic cable maker Fujikura reversed earlier losses and ended 1.03% and 2.23% higher, respectively.

Financials rose on Tuesday as the market braced for the Bank of Japan's interest rate hike at its policy meeting next week. Mitsubishi UFJ Financial Group and Mizuho Financial Group rose 0.38% and 1.69%, respectively.

Of more than 1,500 stocks trading on the Tokyo Stock Exchange's prime market, 53% rose, and 42% fell.