Most Asian stocks moved little on Tuesday before a widely anticipated interest rate cut by the Reserve Bank of Australia, while Chinese technology stocks kept rising ahead of key quarterly earnings from the sector. 

Regional markets took few cues from Wall Street, given that U.S. markets were closed on Monday. Wall Street futures rose slightly in Asian trade, amid persistent uncertainty over President Donald Trump's trade tariffs, and high-for-longer interest rates. 

Australia's ASX 200 fell 0.5%, further extending a decline from record highs as investors locked in profits before the conclusion of a RBA meeting.

China's Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved little on Tuesday. But Hong Kong's Hang Seng index was a standout performer, surging 1.6% on sustained strength in technology stocks.

Some of China's biggest technology firms- such as Baidu (NASDAQ:BIDU) Inc (HK:9888) and Alibaba Group Holding Ltd (HK:9988)- are set to report quarterly earnings this week. Baidu rose 0.4%, while Alibaba (NYSE:BABA) rallied nearly 5%. 

Chinese tech stocks have been on a tear since late-January, as the release of DeepSeek sparked increased confidence in the country’s artificial intelligence capabilities. 

This has translated into strong gains for the Hang Seng, which surged to an over four-month high on Tuesday. 

Broader Chinese stocks also benefited from exposure to the AI rally, with Goldman Sachs analysts forecasting a faster AI adoption rate in the country, as well as improved economic growth. 

Most other Asian stocks moved in a tight range on Tuesday. Japan's Nikkei 225 and TOPIX indexes rose 0.4% and 0.2%, respectively.

South Korea's KOSPI added 0.4%, while Singapore's Straits Times index rose 0.1%.

Futures for India's Nifty 50 index pointed to a flat open, as sentiment towards Indian markets remained strained.