Markets Mixed After Wall St Losses, Shanghai And Hong Kong Rally

Hong Kong led gains in Asia but remains well down on the year to date owing to worries about China's stuttering economy (Credit: AFP)

Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch a long-running rout.

Investors were still coming to terms with the prospect of US interest rates being kept at two-decade highs following a forecast-busting jobs report last week and a warning from Federal Reserve boss Jerome Powell that an imminent cut was unlikely.