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Asia markets mostly rise after Wall Street's mixed moves see investors rotate out of tech stocks

This is CNBC's live blog covering Asia-Pacific markets.

Asia-Pacific markets mostly rose Tuesday after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks.

Hong Kong's Hang Seng index was up 1.8%, while mainland China's CSI 300 climbed 2.13%.

Japan's markets were the only outlier, with the Nikkei 225 falling 1.93%. The Topix dipped 1.27%. Japan's 40-year government bond yield rose to 2.766, its highest on record at since 2007, LSEG data showed.

South Korea's Kospi traded up 0.34% while the small-cap Kosdaq added 1.41%.

Australia's S&P/ASX 200 closed 0.48% higher at 8,231, breaking a three-day losing streak.

Investors will continue monitoring India's rupee after it weakened to a record low against the U.S. dollar. India on Monday reported inflation data for December, which declined for a second straight month year on year, coming in just below expectations at 5.22% andboosting the case for prospective interest rate cuts.

Thailand will be releasing its consumer confidence index for December.

Overnight in the U.S., the Dow Jones Industrial Average climbed, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market.

The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into nontech shares such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq dropped 0.38% to 19,088.10. The S&P 500 inched up 0.16%, ending at 5,836.22.

All three benchmarks have declines for the past two weeks, with tech shares causing most of the damage.

—CNBC's Hakyung Kim and Brian Evans contributed to this report.

Japanese steelmaker Nippon Steel said it

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