Investing.com - Asian shares were mixed on Tuesday with Shanghai up after the break in a light regional day.
The Shanghai Composite rose 1%, while the Nikkei 225 fell 1.96% after China said full year growth should reach "around" 7% this year, signalling continued levels of growth, but no real upside in sight.
The S&P/ASX 200 gained 0.24%.
Overnight, U.S. stocks rallied from a considerable sell-off late last week, as investors continued to react to the fallout from the Federal Open Market Committee's decision to hold short-term interest rates at their current near-zero level.
The Dow Jones Industrial Average and the S&P 500 Composite index posted solid gains to close higher for the first time in three sessions, while the NASDAQ Composite index turned positive late in the session despite a weak performance among biotech stocks. The Dow added 125.61 or 0.77% to 16,510.19, while the NASDAQ rose 1.73 or 0.04% to close Monday's session at 4,828.96.
The S&P 500, meanwhile, gained 8.94 or 0.46% to 1,966.97, as nine of 10 sectors closed in the green. Stocks in the Financial, Technology and Consumer Services industries led, each gaining at least 0.75% on the session. The Dow and the S&P 500 are still on pace to finish the third quarter with their worst three-month period since 2011.