Hong Kong led gains in Asia-Pacific stocks on Tuesday as HSBC rallied on the back of plans to sell three of its buildings to raise funds and investors found new optimism for the financial sector after Goldman Sach’s better-than-expected earnings.

Markets in Hong Kong and Australia were also playing catch up, reopening after two national holidays on Friday and Monday. The FTSE Asia-Pacific index gained 1.1 per cent to 168.39 by late afternoon in Tokyo.