Australia's S&P/ASX 200 (.AXJO) was up 0.32% at 0130GMT, while Japan's Nikkei 225 (.N225) edged up 0.35%, as the country revised first-quarter data showing the economy shrank at a slower pace than initially reported. read more
MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.11%, following the path taken by its All-Country World Index < .MIWD00000PUS>, which advance 0.1% on Monday, hitting its sixth record close in seven days.
Hong Kong's Hang Seng Index (.HSI) opened up 0.4% while China's benchmark CSI300 Index (.CSI300) opened flat.
· Nikkei falls as market heavyweights offset gains in drugmakers
Japan's stock index Nikkei changed course and inched down on Tuesday, as losses in market heavyweights offset gains in drugmakers after Eisai Co's Alzheimer drug received US nod.
Nikkei share average inched down 0.11% to 28,987.58 by 0235 GMT, while the broader Topix edged up 0.06% to 1,962.07.
But Nikkei's earlier gains were snapped as investors were cautious ahead of the US consumer price index (CPI) report this week and the US central bank's meeting next week, market participants said.
· Indian shares erase gains as global inflation worries weigh
Indian shares retreated from record highs on Tuesday, weighed down by losses in financials and energy stocks, as investors grew uneasy about high valuations and rising global inflation ahead of central bank meetings.
The blue-chip NSE Nifty 50 index fell 0.20% to 15,716.40 and the benchmark S&P BSE Sensex was down 0.18% at 52,243.87 by 0541 GMT.
The Nifty 50 has gained nearly 13% this year even as a second COVID-19 wave battered the country and economists cut growth projections, with investors focusing on a post-pandemic recovery.
The pan-European Stoxx 600 index was up 0.6% with most sectors in positive territory apart from Oil and Gas, Chemicals, Industrials, Basic Resources and Autos.
Investors in Europe on Tuesday will be keeping an eye on data releases including revised euro zone gross domestic product (GDP) and employment figures for the first quarter.
· Strong earnings pull British shares higher; Aviva climbs
British shares inched higher on Tuesday, helped by positive earnings updates from companies including Intermediate Capital Group and British American Tobacco, while Aviva gained after an activist investor built up a stake.
The blue-chip FTSE 100 index (.FTSE) rose 0.2%. Intermediate Capital Group (ICP.L) climbed 6.9% to a record high, after the alternative asset manager posted a 19% jump in its annual third-party assets under management.
Reference: Reuters, CNBC
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