Markets in Asia closed mostly in the green on Tuesday after tech stocks extended their losses stateside.
The Nikkei 225 dipped 9.83 points, or 0.1%, to 19,898.75
The Hang Seng Index recovered 144.06 points, or 0.6%, to 25,852.10
Despite the extended fall in big tech names in the U.S. yesterday, after dropping almost 3% last Friday, tech plays in Asia painted more of a mixed picture.
Tech stocks in Japan were mixed, with most companies trading lower. Sharp was down by 2.6% and Yahoo Japan tumbled 2.1%, but Fujitsu added 1.6%
The U.S. dollar-yen pairing traded at 109.99 mid-afternoon Tuesday after trading above the 110 handle earlier in the session.
South Korean tech stocks were higher after the sell-off in the last session. LG Display surged 7.7% and memory chip supplier SK Hynix traded jumped 2.3%. Samsung Electronics reversed earlier losses to climb 0.04%
Shares of South Korea's Hyundai gained 1.2% following news the automaker would be exporting its Kona SUV model to Europe and the U.S. later this year. The electric SUV will be able to cover 390 kilometres per charge.
In Australia, markets were driven by broad-based strength, with the financials sub-index leading gains and trading higher by 2.4%
Several employees of Crown Resorts, the Australian gaming group, were charged in China for the "promotion of gambling.” Shares of Crown finished 0.6% up.
Meanwhile, Australian media company Ten Network requested that its shares be halted from trade after the company's guarantors said they did not intend to "extend ... support for (Ten Network's) credit facilities" after the term ended last December.
In economic news, National Australia Bank's business confidence survey results for the month of May showed that business conditions were upbeat in the country,
Moving forward, the two-day U.S. Federal Open Market Committee (FOMC) meeting is likely to be closely watched as investors await the Federal Reserve's decision on an interest rate hike. The decision is due Wednesday U.S. time.
CHINA
The CSI 300 gained 7.88 points, or 0.2%, to 3,582.27
China foreign direct investment numbers for May were expected mid-afternoon.
In other markets
In Taiwan, the Taiex index recouped 18.19 points, or 0.2%, to 10,128.15
In Korea, the Kospi index took on 16.83 points, or 0.7%, to 2,374.10
In Singapore, the Straits Times Index moved forward 9.18 points, or 0.3%, to 3,257.52
In New Zealand, the NZX 50 strengthened 7.34 points, or 0.1%, to 7,440.08
In Australia, the ASX 200 returned from holiday to gain 94.96 points, or 1.7%, to 5,772.77
