Japan's Nikkei 225 rose 140.40 points, or 0.64 percent, to 21,952.40 while the Topix index added 11.96 points, or 0.73 percent, to 1,644.16. South Korea's Kospi advanced 16.40 points, or 0.79 percent, to 2,099.42.
Greater China markets finished Tuesday's session mixed. The Taiex, which measures the performance of aggregate listed stocks on the Taiwan stock exchange, closed up 13.26 points, or 0.14 percent, at 9,778.62, after being down 0.7 percent earlier in the day. Hong Kong's Hang Seng Index was trading lower by about 0.45 percent in the late afternoon.
"If we can get at least some semblance of a framework coming out of it for further discussions, then I think the market will take that as positive."
Australia's benchmark ASX 200 see-sawed between gains and losses before jumping 56.7 points, or 1 percent, to 5,728.3. The heavily weighted financial subindex rose 1.46 percent while the energy sector added 0.73 percent, likely receiving a boost from overnight gains in oil prices.
"Despite data on the whole being softer, global markets traded with a better tone overnight, with equity markets leading the charge," Nathanael Hartley from ANZ Research wrote in a morning note.
Some analysts said strong Black Friday sales reflecting solid consumer confidence was one of the factors that helped boost risk appetite among investors.
Keeping an eye on Apple suppliers
Shares of Taiwan Semiconductor Manufacturing, which makes chips for iPhones, reversed losses of more than 1 percent to trade up 0.45 percent. Catcher Technology, another Apple partner, fell 2.22 percent. Foxconn, formally known as Hon Hai Precision Industry, which assembles iPhones traded down 0.42 percent while Pegatron shares rose 0.98 percent.
In an interview with the Wall Street Journal, Trump said it's "highly unlikely" that he would delay an increase in tariffs from 10 percent to 25 percent on Jan. 1. His comments came days before the G-20 summit in Buenos Aires, Argentina, where he is set to meet Xi for trade talks. Many investors and decision makers are hoping that the summit will diffuse trade tensions between the U.S. and China after each country applied additional tariffs on billions of dollars' worth of each other's imports.
Apple shares fell nearly 2 percent in after-hours trading in the United States.
Trump's latest remarks "sent a cautious mood to the market as a grim reminder that hurdle remains high in the forthcoming Trump-Xi trade talk," Huani Zhu, an economist from Mizuho Bank, wrote in a morning note.
Still, one investor told CNBC that the upcoming meeting between the two leaders will be different from previous talks.
|NIKKEI||Nikkei 225 Index||21952.40||140.40||0.64%|
|HSI||Hang Seng Index||26331.96||-44.22||-0.17%|
|ASX 200||S&P/ASX 200||5728.30||56.70||1.00%|
|CNBC 100||CNBC 100 ASIA IDX||7555.57||33.66||0.45%|
Bacon explained that markets need to be realistic about the potential outcome from the meeting.
"If we can get at least some semblance of a framework coming out of it for further discussions, then I think the market will take that as positive," he said.
Crude gains ground on day
On Tuesday afternoon, oil's upward momentum from Monday stalled. U.S. crude was down 0.93 percent at $51.15 a barrel while Brent fell 0.61 percent to $60.11.
"Investors continue to look ahead to not only the OPEC meeting on 6 December, but the discussion that are likely to had on the sidelines of the G20 summit," Hartley said.
Still, Saudi Arabia raised oil production to an all-time high in November and pumped around 11.1-11.3 million barrels per day, Reuters reported.
Line and Tencent rise
The Japanese yen traded at 113.48 to the greenback while the Australian dollar fetched about $0.7236.
In company news, shares of messaging app Line jumped nearly 13 percent after the Nikkei business daily reported that it would tie up with Chinese technology giant Tencent to create a mobile payment service.
Line, the Nikkei said without citing sources, will provide mobile payment services to small and medium-sized restaurants and stores in Japan that will be compatible with Tencent's WeChat Pay, therefore likely targeting Chinese tourists.
Tencent shares rose 1.54 percent in Hong Kong.
Alibaba-backed parenting website operator Babytree Group made its trading debut in Hong Kong. Shares rose as much as 5.1 percent above the firm's initial public offering price before trimming gains.
— Reuters contributed to this report.