Most Asian stocks moved in a tight range on Tuesday as markets awaited a barrage of key economic readings this week, while a rally in Chinese shares appeared to have run dry despite government measures to support local equities. 

Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth.

Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation.

Japan's exports have been "picking up recently", the government said in its latest monthly economic assessment, its first upward revision since May as easing supply issues boosted auto shipments and demand for semiconductor-related goods bottoms out.

Japan's jobless rate rose to 2.7% in July from the previous month, government data showed on Tuesday.