Stocks up Awaiting Central Bank Meetings

Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days.

The Nikkei 225 in Japan jumped 204.09 points, or 1%, to 21,620.88, with shares of semiconductor equipment manufacturer Tokyo Electron jumping about 3%.

The Japanese yen traded at 108.12 against the U.S. dollar after seeing an earlier high of 107.81

In Hong Kong, the Hang Seng Index regained 95.22 points, or 0.3 %, to 28,466.48

Korean stocks strengthened, though shares of Hyundai Motor slipped 0.8% after the company posted earnings that missed expectations, despite seeing its biggest quarterly profit jump in seven years.

Steelmaker Posco saw its stock advance 1.3%. The company announced Tuesday that its second-quarter operating profit fell 15%, in line with market expectations.

The Australian dollar changed hands at $0.7020 after slipping from highs above $0.705 yesterday.

CHINA

In Shanghai, the CSI 300 recovered 8.23 points, or 0.2%, to 3,789.91

Shares on China’s new NASDAQ-style tech board, the "STAR Market," mostly declined on Tuesday after seeing massive gains on their debut trading day on Monday.

In other markets

In Korea, the Kospi index restocked 8.11 points, or 0.4%, to 2,101.45

In Singapore, the Straits Times Index tacked on 15.91 points, or 0.5%, to 3,373.13

In Taiwan, the Taiex Index inched up 2.73 points to 10,947.26

In New Zealand, the NZX 50 added 42.56 points, or 0.4%, to 10,867.25

In Australia, the ASX 200 regained 33.39 points, or 0.5%, to 6,724.63