By Gina Lee

Investing.com – Asia Pacific stocks were up on Tuesday morning, with a rally in technology shares and solid corporate earnings softening concerns about inflationary pressures.

Japan’s and South Korea’s both fell 0.61% by 10:59 PM ET (2:59 AM GMT).

Australia saw a slight increase in the, up 0.6% from the earlier day’s meeting.

Hong Kong’s jumped 1.22%.

China’s was up 0.42% while the was 0.45%. The latest regulatory developments include authorities asking media companies Tencent Holdings Ltd. (HK) and ByteDance Ltd., to permit rivals access to their content for search results.

The National People’s Congress NPC Standing Committee also opened a meeting, taking place until Oct. 23 and where a review of the anti-monopoly regulations will be discussed.

Investors expect the U.S. Federal Reserve to increase interest rates in an effort to combat inflationary pressures, despite recent earnings being strong.

“The world is watching interest rates more closely than it has for some time, and rightly so, the moves have been emphatic, especially in the short-term maturities,” Pepperstone Financial Pty head of research Chris Weston said in a note.

It is “impressive how resilient and calm markets are in the face of the rates repricing,” the note added.

AT&T Inc. (NYSE:), Barclays PLC (LON:), Johnson & Johnson (NYSE:), Netflix Inc. (NASDAQ:) and Tesla Inc. (NASDAQ:) are among the companies reporting earnings throughout the week.

Oil’s recent rally was halted by investors who are interested in how rising energy costs and the impact on corporate profits.

“We are going to get a lot of information on whether margins are being squeezed by these shortages and higher prices and wages continuing to go up,” Advisors Capital Management partner and portfolio manager JoAnne Feeney told Bloomberg.

She said that the Delta-plus COVID-19 version could cause volatility over the coming months.

Jerome Powell, Fed Chairman will participate in a panel discussion about policy on Friday and will then present its policy decision to the public later that day.

Bitcoin traded at $62,000 in cryptocurrencies as ETF issuer ProShares plans to launch its bitcoin futures funds on the New York Stock Exchange.