Asian markets traded higher over the weekend as Hong Kong and mainland China resumed quarantine-free travel.

Asian markets rose on Thursday, with investors appearing unfazed by the U.S. Federal Reserve's decision to raise interest rates in order to combat inflation.

Stocks in Hong Kong led the way in the Asia-Pacific region as traders kept an eye on the Federal Reserve's meeting minutes for indications of further interest rate increases.

At the start of the first trading week of the year, markets in the Asia-Pacific region experienced a mixed performance.

Stocks in the Asia-Pacific region declined, following the downward trend of Wall Street the previous night as investors anticipated the coming year.