2017.08.1504:08:00UTC+00Asian Markets Higher on Subsiding Risk Aversion

Equities in Asia finished higher on Tuesday, as markets benefited from Wall Street's firm lead as well as dwindling down risk aversion.

Japan's benchmark Nikkei 225 climbed 1.11 percent to 19,753.31 as the U.S. dollar firmed versus the yen.

Australia's S&P/ASX 200 rose 0.47 percent to 5,757.500. The index was propelled by gains in the information technology, telecommunication services and Australian real investment trusts sub-indexes. The heavily-weighted financials sub-index advanced 0.45 percent.

Hong Kong's Hang Seng Index was 0.03 percent lower in afternoon trade. China's Shanghai Composite rose 0.44 percent to 3,251.64 and the Shenzhen Composite gained 0.400 percent to 1,887.2833.

Investors looked past geopolitical tensions between the United States and North Korea, which has clouded markets for the majority of last week.

The dollar index stood 93.717.

In corporate news, Toshiba finished 3.83 percent higher as Citi analysts upgraded the Japanese company to "buy/high risk" from "neutral". Shares of Toshiba continue to be a “risky investment”, however, the possibility of delisting has been reduced, according to an Aug. 14 note.