Market Update
Equities in Asia traded in a tight range Tuesday and ended mixed, with weakness in some commodities weighing. Indian stocks fell the most.
At close, Japan's Nikkei and China's Shanghai Composite rose 0.1% while Hong Kong's Hang Seng slipped 0.3%. India's Sensex fell 1.1%. Across the region, Australia's ASX climbed 0.6%.
A tepid close on Wall Street overnight following concerns of a slowing down in the U.S. economy and a stronger dollar continued to keep investor sentiment on edge.
Stocks on the Move
In Tokyo, automakers traded pressured with Toyota, Mitsubishi and Mazda declining about 1% each.
The Tokyo Power Electric Company, whose nuclear power plant got hit in March's devastating earthquake dropped 9.5% amid concerns of the company's repayments to its lenders.
In Hong Kong and China, shares traded mixed with property lenders trading pressured while metal stocks bounced back from recent losses.
Henderson Land was off 1.5% in Hong Kong while Jiangxi Copper rose 2.3% in Shanghai.
Indian stocks lost over 1% amid a string of mixed earnings announcements. Government-owned State Bank of India, the country's largest lender, lost 7.8% after its quarterly earnings missed street estimates.
In Sydney, gains in heavyweight miners boosted the index: BHP Billiton and Rio Tinto advanced 1.5% each.