Tokyo, Japan (BBN)-Japanese markets traded higher on Tuesday, as a recent rally in the yen tapered off overnight.
At the open, Japan’s benchmark Nikkei 225 index rose 0.88% or 139.26 points to 15,890.39, reports BBC.
The Japanese yen dipped to 108.20 against the US dollar from 107.94 in the earlier US session.
Shares in the car manufacturer Toyota rose 2.25 per cent at the open, after several days of losses, with rival Nissan also seeing shares climb.
A cheaper yen makes Japanese goods cheaper and more competitive, and is generally seen as a boost for export-related companies.
In South Korea the benchmark Kospi opened up 0.29 per cent or 5.8 points to 1,976.17.
Over in Australia the S&P ASX 200 also rose, up by 0.24 per cent to 4,943.39.
Markets in Hong Kong followed the trend, the benchmark Hang Seng edged up 0.18 per cent at the open to 2,817.63.
But Chinese markets have opened lower.
The Shanghai composite index was down by 4 points or 0.15 per cent to 3,029.
US stocks closed lower after a late sell-off erased gains made earlier in the day.
Investors were preparing themselves for a slew of company results this week.
Metals company Alcoa was the first to report, and it declared a 92 per cent drop in net income for the first quarter, to $16m (£11.3m) when compared to the same period last year.
Alcoa’s traditional smelting business has been hurt by a slump in aluminium prices.
The company also lowered its 2016 outlook for sales in the aerospace industry.
Alcoa’s results were announced after the close of regular trade on Wall Street.
Shares fell 5 per cent in after-hours trading, having earlier risen in anticipation of strong results.
Later this week, investors will be looking out for earnings from America’s biggest banks.