Asian markets opened higher following a subdued session on Wall Street, with investors slowing down their buying activity after a robust rally driven by optimism that President Donald Trump's tariffs might not be as extensive as initially anticipated.

In Hong Kong, the Hang Seng rose by 0.2% to 23,396.49, while the Shanghai Composite remained relatively unchanged at 3,370.42. Tokyo's Nikkei 225 also gained 0.3% to reach 37,890.15.

The Kospi in Seoul saw an increase of 0.6% to 2,630.09, and Australia's S&P/ASX 200 climbed 0.8% to 8,003.00.

On Tuesday, the S&P 500 rose by 0.2% to 5,776.65 after surging by 1.8% the previous day. The Dow Jones Industrial Average saw a slight increase of 4 points to 42,587.50, while the Nasdaq composite went up by 0.5% to 18,271.86.

Despite the recent market recovery from a 10% dip below its all-time high earlier in the month, there is anticipation for further volatility leading up to the April 2 tariff deadline. Analysts suggest that the market may continue to experience fluctuations as this key date approaches.

While concerns over Trump's tariffs have impacted consumer and business confidence, economic activity and the job market have remained stable. A recent consumer confidence report indicated growing pessimism among U.S. households, raising worries about potential cutbacks in spending that could impact the overall economy.

On Wall Street, Trump Media & Technology Group saw an 8.9% increase following an announcement that the company had partnered with Crypto.com to offer "America-First" investment funds on the Truth Social platform.