The Australian stock market lifted at noon, after slightly lower than expected inflation figures and the HSBC flash PMI data out of China fell to an 11-month low.
At the 1205 AEST, the S&P/ASX200 index rose 0.42% to at 5,038 points, while the broader All Ordinaries index added 0.41% to 5,025 points.
It comes after the benchmark finished a second straight session over the key 5,000 threshold.
IG market analyst Evan Lucas said currency movements would lead markets across the region today.
"Commodities continue to drive momentum with gold plays the ones to watch with the precious metal back in sight of $1350 an ounce," Mr Lucas said.
The NAB is hosting a National Small Business Summit in Brisbane.
Origin Energy managing director Grant King, Santos chief executive David Knox, EnergyAustralia MD Richard McIndoe, and BG Group Australia chairman Catherine Tanna are slated to participate in an AFR energy forum in Sydney.
Meanwhile, Assistant Treasurer David Bradbury and opposition finance spokesman Mathias Cormann are due to debate tax issues at the Hilton Hotel in Sydney.
In Australia, the market on Tuesday, closed higher, helped by soaring gold and commodity prices.
The benchmark S&P/ASX200 index was up 15.2 points, or 0.30%, at 5,017.1 points, while the broader All Ordinaries index was up 15.7 points, or 0.31%, to 5,004.6 points.