Asian stocks are mixed as Tokyo revives after muted Wall Street

Asian stocks are mixed as Tokyo revives after muted Wall Street

On Tuesday, Asian stocks traded mixed, with Tokyo reviving after America demonstrated a muted reaction to President Donald Trump's inability to replace Obamacare.

Japan's Nikkei 225 inched up 1.07%, reviving from a steep drop overnight as Lenovo Group and Fujitsu announced the postponement of their target date for a final agreement on their personal computer business tie-up. Stocks of Fujitsu rallied 2.70%t and the Hong Kong-listed Lenovo surged 1.23%.

In Australia, the S&P/ASX 200 soared 1.15%. However, retail company Myer dipped 4%, having soared  18% on Monday amid rumors that a takeover bid was on the cards.

The Shanghai composite tumbled 0.26%, while Hong Kong's Hang Seng index gained 0.49%.

Overnight, American stocks closed mostly lower on, as market participants mulled over President Trump’s ability to push through major proposals, which include tax reform, right after on Friday the healthcare bill was dropped. 

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