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Asian stocks traded mixed on Tuesday following China's closely-watched inflation data.
China's consumer price index rose 4.9 percent in January on-year. Markets were expecting a rise of 5.3 percent.
The Shanghai Composite Index rose more than 1 percent beore closing flat. On Monday, it jumped 2.5 percent on market rumours of the inflation data.
Japanese stocks edged higher to log a 10-month closing high. The Nikkei 225 ended up 0.20 percent at 10,746.67. The broader Topix rose 0.4 percent.
The Bank of Japan raised its assessment of the economy on Tuesday to say it is gradually emerging from a slowdown, further signaling that no imminent monetary easing is on the horizon. As widely expected, the central bank kept monetary policy steady and maintained interest rates at a range of zero to 0.1 percent by a unanimous vote.
South Korea's KOSPI gave up some initial gains, weighed by falls inautomakers including Hyundai Motor .Shares of POSCO were also under pressure, affected by heavy snowfall in Korea's southeast. Hong Kong's Hang Seng Index fell 0.8 percent.
Shares of Softbank jumped to their highest in nearly four years after Japan's number three mobile phone operator agreed to partner with China Mobile , Vodafone, India's Bharti Airtel and others to promote a next generation standard.
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