Asia-Pacific stocks rose as investors looked forward to some economic data from the region alongside the Fed’s meeting on Wednesday.

In Australia, the S&P/ASX 200 rose 0.71%. Japan’s factory activity contracted for the third consecutive month in January, while Japan’s Nikkei 225 rose 0.8 percent and Topix 0.7 percent.

South Korea’s exports in January fell 16.6 percent year-on-year, while South Korea’s Kospi rose 0.74 percent and Kosdaq rose 0.78 percent.

Hong Kong’s Hang Seng index rose 0.47 percent in early trade. Mainland China’s Shanghai Composite rose 0.34 percent, and the Shenzhen Component rose 0.73 percent.

Hong Kong will release fourth-quarter GDP data later in the day.

Key indexes rose overnight on Wall Street after strong earnings and encouraging inflation data.

On Wednesday, the Fed will announce how much it will raise interest rates to combat high inflation, and markets expect a 25 basis point, or 0.25 percentage point increase, from the central bank.