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| Japan's Nikkei continues its positive streak | Japan's Nikkei continues its positive streak |
| (35 minutes later) | |
| Japanese markets continued their positive streak on Tuesday after rising for 12 days straight - the longest run since a 13-day climb in early 1988. | Japanese markets continued their positive streak on Tuesday after rising for 12 days straight - the longest run since a 13-day climb in early 1988. |
| Japan's benchmark Nikkei 225 was up 0.18% at 20,606.15 in early trade. | Japan's benchmark Nikkei 225 was up 0.18% at 20,606.15 in early trade. |
| The US dollar also rose slightly to 124.88 against the Japanese yen on Tuesday, giving a boost to some Japanese firms. | The US dollar also rose slightly to 124.88 against the Japanese yen on Tuesday, giving a boost to some Japanese firms. |
| A weaker yen is good for the country's big exporters as it makes their goods cheaper to buy overseas. | A weaker yen is good for the country's big exporters as it makes their goods cheaper to buy overseas. |
| Troubled Japanese car parts maker, Takata, continued to face headwinds however over its faulty airbags. | Troubled Japanese car parts maker, Takata, continued to face headwinds however over its faulty airbags. |
| The firm it said it was intending to replace a chemical used in its airbags, as it tries to fix the fault that led to six deaths and multiple injuries. | The firm it said it was intending to replace a chemical used in its airbags, as it tries to fix the fault that led to six deaths and multiple injuries. |
| Kevin Kennedy, Takata's executive vice president, is due to be questioned by the US Congress on Tuesday about the fault. | Kevin Kennedy, Takata's executive vice president, is due to be questioned by the US Congress on Tuesday about the fault. |
| In Australia, the benchmark S&P/ASX 200 index was down 0.75% at 5,692.10 points ahead of the Reserve Bank of Australia's monthly rates meeting. | In Australia, the benchmark S&P/ASX 200 index was down 0.75% at 5,692.10 points ahead of the Reserve Bank of Australia's monthly rates meeting. |
| The central bank is widely expected to keep its benchmark lending rate on hold after cutting it to an historic low of 2% last month. | The central bank is widely expected to keep its benchmark lending rate on hold after cutting it to an historic low of 2% last month. |
| "[There will be] no cut today," said IG Markets' Melbourne-based analyst, Evan Lucas. | "[There will be] no cut today," said IG Markets' Melbourne-based analyst, Evan Lucas. |
| "All markets and economists agree on that - interbank market is pricing in a 3% chance of a cut today and all 28 economist say no change." | "All markets and economists agree on that - interbank market is pricing in a 3% chance of a cut today and all 28 economist say no change." |
| 'Gyration' | 'Gyration' |
| Some analysts said they would be watching for any movement in the Australian dollar once the central bank's decision was out later, as a fall in the currency would give a boost to big mining and energy firms who rely on earnings made overseas. | Some analysts said they would be watching for any movement in the Australian dollar once the central bank's decision was out later, as a fall in the currency would give a boost to big mining and energy firms who rely on earnings made overseas. |
| But Mr Lucas said "the likely reaction in the market today would be a pop in the Australian dollar and a gyration in the [Australian stock exchange]." | But Mr Lucas said "the likely reaction in the market today would be a pop in the Australian dollar and a gyration in the [Australian stock exchange]." |
| Meanwhile, in South Korea, the benchmark Kospi index was down 0.27% at 2,096.77 points. | Meanwhile, in South Korea, the benchmark Kospi index was down 0.27% at 2,096.77 points. |
| Analysts said investor sentiment may be dented this week after the country recorded its first deaths from Middle East Respiratory Syndrome, or Mers. | Analysts said investor sentiment may be dented this week after the country recorded its first deaths from Middle East Respiratory Syndrome, or Mers. |
| South Korea's health ministry said a 58-year-old woman and a 71-year-old man had died from the illness. | South Korea's health ministry said a 58-year-old woman and a 71-year-old man had died from the illness. |
| South Korea said it is monitoring close to seven hundred people for possible infection. | South Korea said it is monitoring close to seven hundred people for possible infection. |
| Mixed in China | |
| The Shanghai Composite was up 0.22% at 4,839.58 points in early trade after closing up nearly 5% on Monday. A survey had indicated activity in China's major factories had picked up in May. | |
| In Hong Kong, the benchmark Hang Seng index was down 0.56% at 27,443.21 points after closing slightly up a day earlier. |