Asian Equities Open Mixed

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.


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