Asia-Pacific markets mostly rose Tuesday, a day after Chinese President Xi Jinping signaled support to the country’s private sector and urged businesses to “show their “talents.”

Australia’s S&P/ASX 200 ended the day 0.66% lower at 8,481, after the Reserve Bank of Australia cut rates by 25 basis points to 4.1%, in line with Reuters’ estimates. This marks the RBA’s first rate cut in over four years.

The Australian dollar had strengthened 0.06% to 0.6351 against the dollar.

The yields on Australian 10-year government bonds have dropped nearly 20 basis points since Jan. 13 to 4.450% on Tuesday, according to LSEG data.

Japan’s benchmark Nikkei 225 was trading 0.56% higher, while the broader Topix index advanced 0.53%.

South Korea’s Kospi was up 0.55%, while the small-cap Kosdaq gained 0.37%.

Mainland China’s CSI 300 Index rose 0.22%, reversing course from previous losses.

Hong Kong’s Hang Seng index rose 2.09%. The Hang Seng tech index climbed 3.18%, reversing course from its over 2% Monday after Xi’s comments in a rare closed-door symposium.

Indian markets started the day in negative territory, with the Nifty 50 was trading 0.41% lower, while the BSE Sensex index was down 0.47%.