With regional markets end October on a positive note, investors were looking ahead to a series of important political and economic events set to unfold in early November. The month will start with the release of Chinese manufacturing data for October on Thursday, followed by U.S. employment data on Friday.

There is "some optimism before China's manufacturing (data) and U.S. nonfarm payrolls data this week. People are starting to think economic conditions globally are starting to improve," said Angus Gluskie, managing director at White Funds Management in Australia.

The U.S. presidential election will be a major focus next week, along with the start of the Party Congress in China, where Asia's largest economy will present its next leaders.

U.S. markets were closed Tuesday, as the powerful storm attacking the northeast coast forced Wall Street to stop trading for a second day. Dow Jones Industrial Average futures, which spent much of Tuesday's Asian session in negative territory, staged a modest recovery Wednesday—rising 7 points to 13,061.

Japan's Nikkei rebounded Wednesday, rising 1.0% following a sharp selloff toward the end of Tuesday's session amid the market's initial dissatisfaction with the Bank of Japan's latest easing moves.

The recovery came after investors had a chance to digest the central bank's policy moves, with analysts pointing to an unprecedented joint statement between the Bank of Japan and the government which emphasized their commitment to reduce deflation.

Notable moves in Japan included construction machinery manufacturer Komatsu, which jumped 3.8% after its second quarter results removed concerns over its outlook, while Hitachi climbed 3.2% after maintaining its full-year profit forecast.

Australia's S&P/ASX 200 rose 0.5%, with major miners BHP Billiton BLT.LN +1.77%and Rio Tinto up 1.0% and 0.5%, respectively.

South Korea's Kospi advanced 0.7%.



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