In Japan, where investors returned after a long weekend, the stock market closed slightly higher on Tuesday. Investors adhered to the statements of US Finance Minister Steven Mnuchin who said that trade talks with China will resume early October. Concerns about the global economy following disappointing macroeconomic data from the eurozone and Japan kept profits down.
The main index in Tokyo, the Nikkei 225, eventually ended up 0.1 percent in the plus at 22,098.84 points. On a macroeconomic level, activity in Japanese industry declined at the highest pace in September in seven months, under pressure from trade tensions and a weakening global economy.
Oriental Land added 3 percent to the companies. The operator of the Tokyo Disney Resort announced that the entrance fees for the amusement park will increase from 1 October. Retailer Fast Retailing and telecom concern SoftBank, two heavyweights in the Nikkei, lost 1.2 and 1.8 percent.
The Chinese stock markets improved. The stock market gauge in Shanghai was 0.6 percent higher in the meantime and the Hang Seng index in Hong Kong won 0.4 percent. Beer giant AB InBev proposed with the flotation of its Asian subsidiary in Hong Kong to raise 5 billion dollars. The shares were brought to the market for a price of 27 Hong Kong dollars, which was at the bottom of the previously intended bandwidth. In Seoul, the Kospi rose 0.4 percent. The All Ordinaries in Sydney climbed 0.1 percent.