By Gina Lee

Investing.com – Asia Pacific stocks were up on Tuesday morning, clawing back some of Monday’s losses. U.S. stock also rebounded to help slow economic growth.

China’s was up 0.29% by 9:05 PM ET (2:05 AM GMT) and the edged up 0.20%. Chinese trade data including and is expected later in the day.

Hong Kong’s rose 1.19%.

Japan’s jumped 1.25% and South Korea’s was up 0.21%.

The Australian gained 0.58 percent, and the policy decision was made later that day.

China Communist Party’s Politburo concluded a meeting on Monday that signaled an ease in curbs on the real estate sector and vowed to stabilize the economy in 2022. The People’s Bank of China will reduce most banks’ reserve requirement ratio by 0.5 percentage point next week, releasing CNY1.2 trillion ($188.16 billion) of liquidity.

Premier Li Keqiang said that China can use a wide range of monetary policy tools including lowering the reserve ratio.

Also on investors’ radars is the country’s property sector, as China Evergrande Group (HK) intends to incorporate all of its private and offshore debt obligations into a restructuring. A group of Kaisa Group Holdings Ltd. (HK) bondholders submitted a formal request for bereavement to the developer.

On the data front, China’s and are due on Thursday.

In a volatile market, the Chinese actions could provide some relief. Some investors warned that there could be more volatility ahead as some countries tighten restrictions due to the omicron-COVID-19 variant.

“Clearly the markets are concerned about a growth scare. We are entering year end, there is still some uncertainty,” Edward Jones & Co. senior investment strategist Mona Mahajan told Bloomberg.

“However, more clarity from the Fed at its next meeting and around omicron “could get a spark for perhaps a year-end rally or at least more optimism heading into 2022,” she added.

Neel Kazhkari, Minneapolis Fed Bank president, will talk on Thursday. U.S. data (including the ) will follow a day later.