Asian equity markets are treading in a cautious mood on a mixed note in Tuesday's morning session led by Japanese benchmark which fell the most in the space, on concerns over high levels of nuclear radiations from the ill fated Fukushima nuclear plant and the impact of the natural disaster on corporate earnings. Overnight leads from the Wall Street too remained subdued despite some good economic reports as traders showed concern over Japan's nuclear crisis and violence in the Middle East and North Africa. South Korean shares receded on the back of profit booking after the recent eight-session streak of net purchases by foreign funds. Stocks in China rose marginally as steelmakers provided the much needed support on expectations of higher exports to Japan for use in the country's post-earthquake reconstruction drive.
Shanghai Composite rose 3.89 points or 0.13% to 2,987.90, Hang Seng advanced 5.54 points or 0.02% to 23,073.73, KLSE Composite gained 2.00 points or 0.13% to 1,516.25, Seoul Composite added 0.35 points or 0.02% to 2,056.74 and Taiwan Weighted increased 16.34 points or 0.19% to 8,569.40.
On the other hand, Jakarta Composite shaved off 28.05 points or 0.78% to 3,574.81, Nikkei 225 plunged 139.55 points or 1.47% to 9,338.98 and Straits Times fell 3.54 points or 0.12% to 3,053.84.
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