Asian markets are exhibiting mixed trend in the early deals on Tuesday, with investors treading cautiously following the weak cues overnight from Wall Street and European markets. Additionally, lower commodity prices weighed on resources stocks. However, the Japanese market is trading higher despite the weak cues overnight from Wall Street and as investors booked profits after last week's gains, amid the absence of fresh triggers. The market was closed on Monday for a holiday. Among the other Asian markets, Shanghai, Hong Kong, Indonesia and Taiwan are also lower. Bucking the trend, South Korea, Singapore, and Malaysia are up with modest gains.
Hang Seng dropped 157.94 points or 0.70% to 22,507.96, Shanghai Composite declined 26.34 points or 0.73% to 3,583.98, Jakarta Composite slipped 0.01 points to 4,541.06, and Taiwan Weighted was down by 69.95 points or 0.82% to 8,415.78.
On the flip side, Nikkei 225 surged 49.18 points or 0.25% to 19,928.99, Straits Times increased 7.86 points or 0.27% to 2,911.35, FTSE Bursa Malaysia KLCI added 8.69 points or 0.52% to 1,679.59, and KOSPI Index was up by 0.32 points or 0.02% to 2,004.02.