Tokyo, Japan (BBN) – Japanese shares have traded sideways on Tuesday, managing to resist the negative trend set by Wall Street.
US shares had seen losses on Monday setting a weak cue for Asian markets to pick up on, reports BBC.
Tokyo’s benchmark Nikkei 225 index edged just slightly higher, gaining 0.2 per cent to 16,678.10 points in early trade.
In Australia, the ASX 200 also remained flat at 5,541.30.
Traders across Asia are still undecided as to what the US jobs data will mean for the Federal Reserve’s thoughts on whether to raise interest rates.
South Korea’s benchmark Kospi index in Seoul equally failed to make any significant moves, gaining a mere 0.2 per cent to 2,034.46.
In China, markets also traded flat, the mainland Shanghai Composite at 3,005.59 and Hong Kong’s Hang Seng at 22,486.26 points.
The country released its latest inflation data on Tuesday with the consumer price index (CPI) in line with market expectations, up 1.8 per cent in July compared with a year earlier.
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