Asia markets were mixed on Tuesday, with traders likely taking to the sidelines to await Wednesday's closely watched monetary policy decisions due in the U.S. and Japan.
Stocks in Japan ended mixed, after the market was closed on Monday for a public holiday. The main Nikkei 225 index closed down 27.14 points, or 0.16 percent, at 16,492.15. The Topix index closed up 5.47 points, or 0.42 percent, at 1,316.97.
Across the Korean Strait, the Kospi climbed 9.93 points, or 0.49 percent, to 2,025.71.
In Australia, the benchmark ASX 200 finished up 8.8 points, or 0.17 percent, at 5,303.60, with most sectors gaining. The energy sector, however, bucked the trend to close down 0.93 percent.
The securities market Down Under suffered technical glitches on Monday that first delayed the open, then in the afternoon suspended trade for the rest of the session.
In Hong Kong, the Hang Seng index was nearly flat at 23,543.36.
"Trading ranges on international markets have narrowed over the past couple of sessions," said Ric Spooner, chief market analyst at CMC Markets, in a morning note.
"Markets appear to have arrived at a level that reflects the consensus view of the balance between risk and reward," he said, adding markets were likely to remain relatively inactive in the lead up to the central banks' policy decisions on Wednesday.
Brokerage firm IG's chief market strategist, Chris Weston, agreed.
"As one can imagine, no one is prepared to take on too much risk," he said in a Tuesday note.