Asia stocks were mixed on Tuesday, with Hong Kong and Australia's markets closing earlier ahead of the Christmas holiday on Wednesday.

Mainland Chinese stocks were higher by their close, following their Monday fall. The Shanghai composite added 0.67% to about 2,982.68 while the Shenzhen component gained 1.32% to 10,189.29. The Shenzhen composite also rose 1.381% to approximately 1,690.74.

Hong Kong's Hang Seng index declined 0.15% to close early at 27,864.21.

The Nikkei 225 in Japan was fractionally higher to close at 23,830.58, while the Topix index inched slightly lower to end its trading day at 1,728.22. In South Korea, the Kospi slipped 0.62% to close at 2,190.08.

Meanwhile, shares in Australia had an early close for Christmas Eve, with the S&P/ASX 200 up 0.13% to 6,794.20.

Overall, the MSCI Asia ex-Japan index was 0.13% lower.

Shares of Apple suppliers regionally were mixed on Tuesday. Taiyo Yuden was up 2.52% in Japan while South Korea's LG Display slipped 2.19%. In Hong Kong, Sunny Optical declined 0.36% while Taiwan's Taiwan Semiconductor Manufacturing Company dipped 0.6%.

The moves came following the Cupertino-based tech giant's 1.6% stock jump on Monday stateside after Wedbush Securities' Dan Ives — Apple's biggest bull on Wall Street — raised his price target to $350 a share, 25% higher than where the stock currently trades.