Asian shares opened mixed on Tuesday amid a lack of fresh cues offshore, with Japan shares tapping and then retreating from a fresh 15-year high. Wall Street was closed for a public holiday on Monday.
Japan’s Nikkei 225 reversed direction to trade marginally below the flatline, after briefly opening at a fresh 15-year peak of 20,456. In the previous session, the Tokyo bourse advanced for the seventh straight session and finished at its highest level since June 2000.
Australia’s S&P ASX 200 index opened at a nearly three-week high, a day after posting its biggest single-day gain in a month. A report by the Australian Financial Review said Fortescue Metals has held discussions to get investment from Chinese companies and according to the Foreign Investment Review Board, several Chinese-linked companies have applied to seek permission for investment involving the Australian miner. Shares of Fortescue Metals leaped 11.52 percent from the get-go.