Hong Kong stocks jump 3% after report on more China stimulus; Bank of Japan keeps policy unchanged

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

Hong Kong stocks rebounded Tuesday to lead gains in Asia markets, while Japan's Nikkei 225 index was marginally lower after the Bank of Japan kept its monetary policy unchanged in its first policy meeting of the year.

Hong Kong's Hang Seng index jumped over 3%, with tech stocks leading the charge. Bloomberg reported that Chinese authorities were considering a stimulus package worth 2 trillion yuan ($278.53 billion) to stabilize its stock markets.

Mainland China's CSI 300 was trading 0.53% higher.

Videogame stocks in Hong Kong rose after China's gaming authority removed draft rules from its website. The measures proposed last month would have restricted spending and rewards for playing video games. The regulator's website, however, was unavailable as of Tuesday.

The Nikkei 225 slipped marginally to close at 36,517.58, while the Topix fell 0.11% to 2,542.07.

In Australia, the S&P/ASX 200 marked a third straight day of gains, rising 0.51% and ending at 7,514.9.

South Korea's Kospi added 0.58% to 2,478.61, while the small-cap Kosdaq index was flat and ended at 840.11.

Overnight in the U.S., the Dow Jones Industrial Average and S&P 500 set fresh all-time highs, with the Dow gaining 0.36% to finish above 38,000 for the first time, while the S&P added 0.22% to hit record highs.

The tech-heavy Nasdaq Composite advanced 0.32%. The moves from the indexes signaled that Wall Street is indeed in a bull run that began in October 2022 after stocks plunged earlier that year.

— CNBC's Brian Evans and Alex Harring contributed to this report

Singapore's consumer prices rose more than expected in December, according to official data.

December CPI rose 3.7%, more than a Reuters poll estimate