Asian equity markets ended mixed on Tuesday, even as Chinese and Hong Kong shares posted strong gains as investors bet that MSCI, the global index provider, will add mainland-traded Chinese stocks, so-called A-shares, in its Emerging Markets Index for the first time next month. In the absence of cues from Wall Street, movements in yen and oil prices as well as a slew of data out of Japan and South Korea influenced market movements in the region. Japanese shares extended gains for a fifth day as mixed economic indicators and growing expectations for a June rate rise in the US held the dollar firmer near its highest level in two months against a basket of currencies, including the yen. Japan's industrial output rose 0.3 percent in April from the month before, beating expectations for a 1.5 percent fall, despite factory shutdowns sparked by the Kumamoto earthquakes. While the jobless rate held steady at 3.2 percent, household spending fell an annual 0.4 percent in April, marking the second month of declines.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,916.62 | 94.17 | 3.34 |
| Hang Seng | 20,815.09 | 185.70 | 0.90 |
| Jakarta Composite | 4,796.87 | -39.16 | -0.81 |
| KLSE Composite | 1,626.00 | -3.87 | -0.24 |
| Nikkei 225 | 17,234.98 | 166.96 | 0.98 |
| Straits Times | 2,791.06 | -5.69 | -0.20 |
| KOSPI Composite | 1,983.40 | 16.27 | 0.83 |
| Taiwan Weighted | 8,535.59 | -0.28 | -- |