Asia-Pacific markets mostly rose as investors digested a slew of key economic data across the region. China's National Bureau of Statistics also reported its official manufacturing purchasing managers' index rose to 52.6 in February, the highest since April 2012.
Hong Kong's Hang Seng index rose 4.15% – leading gains in the region and the Hang Seng Tech index climbed 6.5%. In mainland China, the Shenzhen Component rose 1.1% to close at 11,914.32, and the Shanghai Composite finished 1% up at 3,312.35.
The S&P/ASX 200 was down marginally to close at 7,251.6 after Australia's economy for 2022 grew 2.7% on an annualized basis.
In Japan, the Nikkei 225 climbed 0.26% to close at 27,516 and the Topix was 0.23% up at 1,997.81 as factory activity in February shrank at its fastest pace more than two years, a private survey showed.
South Korean markets are closed to observe a holiday as the nation saw a narrowed trade deficit for the month of February.
Overnight in the U.S., all three major averages closed lower to round out a tough month, with the Dow Jones Industrial Average leading losses by losing over 230 points or 0.7%. The S&P 500 and Nasdaq Composite lost about 2.61% and 1.11% in February, respectively, but are still higher year to date.
— CNBC's Tanaya Macheel and Samatha Subin contributed to this report.