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The China stock market has finished higher now in seven straight sessions, jumping more than 210 points or 7 percent on its way to a fresh three-month closing high. The Shanghai Composite Index finished just above the 3,175-point plateau, and now analysts say the market should continue to add to its totals when it opens for business on Tuesday.

The global forecast for the Asian markets is firmly positive, thanks to a fresh record high in the price of gold and a modest recovery in the price of oil.

Asian stocks rebounded across the board on Wednesday amid bargain hunting and short-covering after recent heavy losses. However, the undertone remained cautious as investors await the U.S. Federal Reserve's rate decision and the accompanying statement on the state of economy. Attention was also focused on the upcoming policy meetings of the Bank of England and European Central Bank, respectively.

The Japanese market ended higher, led by resource-related stocks after oil and gold prices climbed. The benchmark Nikkei 225 closed at 9,844, up 41 points or 0.42% and the broader Topix index of all first section issues on the Tokyo Stock Exchange rose 0.1% to 881, reversing an early loss.

Asian stocks edged mostly lower on Tuesday on concerns stimulus measures if withdrawn prematurely may undermine a global economic recovery.

After a fairly positive opening, most of the markets in the region drifted lower, with participants choosing to tread cautiously ahead of interest rates announcements from the U.S, U. K and Eurozone this week.

The Reserve Bank of Australia raised its interest rates by 25 basis points to 3.5 percent, but said it may pause its tightening cycle in December.