Asian equities finished mixed on Tuesday, as investors paid particular attention to Toshiba's twice-delayed earnings results and as geopolitical tensions continued to weigh.
South Korea's Kospi fell by 0.44 percent or 9.47 points to end at 2,123.85. Concerns over geopolitical tensions continue to build on the Korean Peninsula after the U.S. deployed a carrier strike group closer to the region.
"(T)here is new focus on Korea, where the Korean won and Kospi have found sellers easy to come by of late on concern that North Korea could be a future U.S. target," said Chris Weston, IG's chief market strategist, in a Tuesday note.
Japan's Nikkei 225 declined 0.27 percent or 50.01 points to finish at 1495.1, as the dollar/yen slipped below the 111.00 handle.
In corporate news, Foxconn has offered a $27 billion bid for Toshiba's memory chip unit, the Wall Street Journal reported. Toshiba put its NAND flash memory unit up for sale last month in a bid to cover billions in losses from its U.S. nuclear energy unit Westinghouse.
The Japanese conglomerate may file twice-delayed earnings later in the day even if auditors do not sign off, Reuters reported. The company said it would hold a press conference at 7:00 am GMT or 3:00 pm HK/SIN time. Shares of the company dropped by 2.7 percent to close at 223.5 yen per stock following the news, having plunged 17.2 percent year-to-date.