Investors weigh the Russia-Ukraine conflict as Asia-Pacific markets gain.

• Overnight, U.S. stocks were volatile, with the three major indexes experiencing significant monthly losses as investors evaluated the uncertainties in Russia and Ukraine, as well as the associated sanctions.
• Baidu, the Chinese tech giant, is predicted to reveal its fourth-quarter earnings results in Asia at a later date.
• The official manufacturing Purchasing Managers' Index for China in February was 50.2, exceeding analyst predictions of 49.9 in a Reuters survey. This figure is slightly higher than January's 50.1.

Investors navigated the changing situation in Russia and Ukraine, causing Asia-Pacific markets to rise on Tuesday.

The Nikkei 225 in Japan increased by 1.2% to end at 26,844.72, and the Topix index advanced by 0.54% to 1,897.17.

In China, the rose from 0.77% to 3,488.84, and the climbed from 0.25% to 13,488.64. Hong Kong's was up 0.38% in afternoon trade.

The official manufacturing Purchasing Managers' Index for February in China was 50.2, surpassing analyst expectations of 49.9 in a Reuters poll. This figure is slightly higher than January's 50.1.

PMI readings indicate expansion or contraction on a month-to-month basis, with figures above 50 representing growth and figures below 50 indicating shrinkage.

The private PMI survey also showed growth in China’s factory activity.

The S&P/ASX 200 in Australia increased by 0.67%. Despite anticipations from a Reuters poll, the Reserve Bank of Australia maintained interest rates at 0.1% during its meeting. The bank stated that the ongoing conflict in Ukraine presents a "major new source of uncertainty" and is closely monitoring how different factors impact inflation in Australia.

Elsewhere, South Korea markets are closed for a holiday on Tuesday.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.68%.

The Chinese tech giant is predicted to reveal its fourth-quarter earnings results in Asia at a later date.

Overnight, U.S. stocks were volatile, with the three major indexes experiencing significant monthly losses as investors evaluated the uncertainties in Russia and Ukraine, as well as the associated sanctions.

On Monday, the two countries held their initial talks, and the Associated Press reported that further negotiations may occur soon.

Moscow's invasion of Ukraine has led to heavy sanctions being imposed on it by the U.S. and its allies.

Canada announced that it will ban Russian crude oil imports, making it the first Western nation to specifically target Russian energy. Meanwhile, the White House has not ruled out restrictions on U.S. purchases of oil and gas, but has not yet sanctioned the industry.

On Monday, Russia's central bank increased its key interest rate by more than double in response to the ruble's decline.

Currencies and commodities

The greenback was last tracked against a basket of its peers at 96.687.

While the traded at 115.01, weakening slightly from 114.99, the changed hands at $0.7287.

In Asia trade, the U.S. oil price increased by 1.51% to $97.17 per barrel, while Canada's oil price rose by 1.84% to $99.77 per barrel.

Last traded at $1,907.20, gold has historically been a secure refuge during uncertain periods.