Japanese wage data, Chinese markets

SINGAPORE – The rally in Chinese markets lost steam on Tuesday after a briefing by the country's National Development and Reform Commission provided few details on further stimulus measures.

While mainland China's CSI 300 surged more than 10% on Tuesday after returning from the Golden Week holiday, the index posted a 5.93% gain to close at 4,256.1.

Hong Kong's Hang Seng index briefly plunged over 10% but then recovered slightly in the final hour to post a narrower loss of 9%.

Other Asia-Pacific markets were mostly lower on Tuesday as investors watched August numbers and spending data from Japan.

Household spending in Japan fell 1.9% in real terms in August from a year earlier, a weaker decline compared with the 2.6% decline expected in a Reuters poll of economists.

The decline is the largest drop since January, when there was a 6.3% year-on-year decline. That decline also came before spring wage negotiations resulted in the largest wage increases for unionized Japanese workers in 33 years.

However, real wages rose in August, with data from the country's statistics office suggesting wages rose 2% to an average of 574,334 yen ($3,877.44).

The scale Nikkei 225 Following the release, the price slipped 1% to close at 38,937.54, while the Topix fell 1.47% to close at 2,699.15

South Korea Kospi It fell 0.61% to close at 2,594.36, weighed down by shares of heavyweight Samsung Electronics after the company issued worse-than-expected third-quarter guidance.

The small-cap Kosdaq fell 0.35% to close at 778.24.

Australia S&P/ASX 200 slipped 0.35% to close at 8,176.9.

Overnight, stocks in the US fell as rising oil prices and higher Treasury yields weighed on market sentiment.

The Dow Jones Industrial Average fell 0.94%, while the S&P 500 fell 0.96%. The Nasdaq Composite posted the largest loss, falling 1.18%.

The benchmark 10-year Treasury yield rose to 4.02%, marking the first time the yield exceeded 4% since August.

Oil prices also rose as tensions remain high in the Middle East. U.S. crude rose more than 3% to settle above $77 a barrel.

— CNBC's Lisa Kailai Han and Jesse Pound contributed to this report.