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| Japan shares up despite gloomy manufacturing survey | Japan shares up despite gloomy manufacturing survey |
| (about 1 hour later) | |
| Japanese shares headed higher on Tuesday despite a key survey showing that manufacturers' confidence fell the most in a year this month. | |
| The Reuters Tankan - which closely tracks the Bank of Japan's quarterly Tankan survey - showed slumping corporate morale after China's stock market sell-off in August. | The Reuters Tankan - which closely tracks the Bank of Japan's quarterly Tankan survey - showed slumping corporate morale after China's stock market sell-off in August. |
| Investors were also awaiting the outcome of the central bank's two-day policy review later on Tuesday. | Investors were also awaiting the outcome of the central bank's two-day policy review later on Tuesday. |
| The Nikkei index was up 1.6% to 18,256. | |
| Japan's central bank is widely expected to maintain its stimulus programme in the world's third-largest economy, but calls are growing for more measures to boost growth. | Japan's central bank is widely expected to maintain its stimulus programme in the world's third-largest economy, but calls are growing for more measures to boost growth. |
| China leads losses | |
| In China, shares opened lower, extending Monday's losses. | |
| The Shanghai Composite was down 2% to 3,053.07, while Hong Kong's Hang Seng index was lower by 0.4% to 21,471.42. | |
| Australian shares headed lower as investors turned cautious after the country was set to appoint a new prime minister on Tuesday. | Australian shares headed lower as investors turned cautious after the country was set to appoint a new prime minister on Tuesday. |
| A Liberal Party vote resulted in Malcolm Turnbull ousting Tony Abbott to take the top job, ending months of policy turmoil in Canberra. | A Liberal Party vote resulted in Malcolm Turnbull ousting Tony Abbott to take the top job, ending months of policy turmoil in Canberra. |
| The S&P/ASX 200 index was down 0.9% to 5,052.90 points. | |
| In South Korea, the benchmark Kospi index was up 0.3% to 1,936.17. |