Stock markets in Asia traded higher on Tuesday afternoon, after US stocks rebounded overnight, with investors continuing to weigh the potential economic impact of the Wuhan virus outbreak in China that has claimed 427 people so far and infected over 20,000. The KOSPI index in South Korea jumped 39 points or 1.8% to end at 2,157, after official data showed annual inflation rose to 1.5% in January, the highest in 14 months. Also, the Shanghai Composite in China gained 37 points or 1.3% to close at 2,783, after plunging to the lowest in a year in the prior session when its markets reopened from an extended Lunar New Year holiday. Japan’s Nikkei 225 added 113 points or 0.5% higher to finish at 23,084. Hong Kong’s Hang Seng rose 267 points or 1% to 26,625, at around 03:23 PM Hong Kong time. India’s BSE Sensex advanced 710 points or 1.8% to 40,758, at around 01:25 PM India time.