Asian shares were mixed in Tuesday trade as geopolitical tensions took a backseat following a failed missile test by North Korea at the weekend and as U.S. Vice President Mike Pence continues his tour of Asia.
The Nikkei 225 rose by 0.35 percent or 63.33 points to close at 18,418.59, as the dollar gained against the yen after trading at a five-month low in the last session. The dollar/yen traded at 109.02, off the lows around the 108 level seen in the previous session. Major Japanese bank stocks made gains, trading higher by more than 2 percent across the board earlier in the session. Mizuho Financial led gains in the sector and ended trade higher by 1.1 percent to close at 191.1 yen a stock.
The Kospi inched up 0.13 percent or 2.7 points to close at 2,148.46. Tech stocks were among the best performers, with chip manufacturer SK Hynix trading higher by 2.03 percent to finish the session at 50,200 won a stock. Defense stocks also made gains, with Korea Aerospace surging 5.79 percent to close at 60,300 won a stock.
U.S. Vice President Pence visited the demilitarized zone (DMZ) inSouth Korea on Monday, where he noted that "all options (were) on the table" when it came to Pyongyang.