Asian stocks traded mixed Tuesday with little direction after a muted session in Europe and a holiday in the U.S. The dollar edged higher alongside Treasury yields.
Shares in Japan and Korea were little changed, while Chinese, Australian and Hong Kong equities posted modest gains. Global trade remained foremost in investors minds as the European Union vowed prompt retaliation if the U.S. imposes tariffs on imported vehicles, with trans-Atlantic trade tensions showing no signs of easing. The Australian dollar swung to a small loss after the central bank reaffirmed its mounting concern over consumer spending.
The MSCI Asia Pacific Index rose 0.1 percent at 10:30 a.m. in Tokyo.
Source : Bloomberg