Asian equity indices are exhibiting mixed trade in early deals on Tuesday, with investors mostly treading cautiously and tracking regional news for direction following a holiday on Wall Street on Monday. Back on regional front, Japanese stocks rose as the yen held yesterday’s losses before the Bank of Japan issues a policy statement today. The Bank of Japan's monetary policy statement is likely to set the tone for the latter part of the trading session. Shanghai Composite fell, with the benchmark index declining from a two-month high, after the central bank drained funds from the banking system.
Hang Seng added 1.33 points or 0.01% to 22,537.27, Jakarta Composite strengthened by 9.80 points or 0.22% to 4,565.17, Nikkei 225 surged by 265.95 points or 1.85% to 14,659.06 and Taiwan Weighted was up by 12.99 points or 0.15% to 8,532.54.
On the flip side, Shanghai Composite declined by 10.41 points or 0.49% to 2,125.01, KLSE Composite contracted 2.61 points or 0.14% to 1,824.87, Straits Times was marginally in red by 0.12 points to 3,069.16 and KOSPI Composite was down by 6.40 points or 0.33% to 1,939.96.