Asian shares mixed on Tuesday due to optimism surrounding the passage of the US stimulus package, however, concerns about inflation and coronavirus pandemic tempered with the markets.
Japan's benchmark Nikkei 225 added nearly 1.0% to finish at 29,027.94. South Korea's Kospi slipped 0.7% to 2,976.12. Australia's S&P/ASX 200 added 0.5% to 6,771.20. Hong Kong's Hang Seng edged up 0.2% to 28,584.96, while the Shanghai Composite slipped 1.8% to 3,359.26.
Jingyi Pan, senior market strategist with IG in Singapore, said Asian markets were weighing "the impact of a global recovery alongside the prospect of an accelerating climb in US bond yields.”