A mixed open is expected for Japan stocks on Tuesday, following weak results overnight on Wall Street and in the commodities markets.
U.S. stocks finished lower on concerns about the banking companies, while metals prices were broadly lower
Japan stocks gained ground along with the rest of the Asia/Pacific region on Monday
The benchmark Nikkei 225 Average rose for the fourth straight session, closing with a gain of 108.09 points or 1.2 percent at 8,885.93. Of the Nikkei component stocks, 146 closed higher, 72 lower and 7 were unchanged.
The broader Topix index gave up early session gains to finish lower by 0.39 points or 0.1 percent at 830.97.
A declining yen helped push exporters higher.
Among them, Pioneer Corp advanced 16 yen or 9.64 percent, Canon was up 50 yen or 1.63 percent, Casio Computer gained 37 yen or 5 percent, Sony was up 25 yen or 1 percent and Olympus was up 140 yen or 7.5 percent.
For the auto makers, Isuzu was up 11 yen or 8.6 percent, Honda declined 35 yen or 1.26 percent, Fuji Heavy was up 3 yen or 0.78 percent, Mazda gained 20 yen or 10.36 percent and Toyota was up 40 yen or 1.08 percent.
Among the big banks, Mitsubishi UFJ was down 13 yen or 2.47 percent, Sumitomo Mitsui dropped 50 yen or 1.37 percent, Mizuho Financial was down 1 yen or 0.49 percent and Resona Holdings was up 6 yen or 0.45 percent.
Overseas, the March rally on Wall Street ran into an early April bump in the road on Monday, with losses triggered by new pessimism over the financial sector and fears of poor earnings reports in the coming week.
At the closing bell, the Dow Jones Industrial Average was down 41.74 points or 0.52 percent at 7,975.85. The broader market indicators were also in negative territory, with the Nasdaq Composite Index down 15.16 points or 0.93 percent at 1,606.71, and the Standard & Poor's 500 index down 7.02 points or 0.83 percent at 835.48.
Markets closed higher across the Asia/Pacific region on Monday.
In Japan, the Nikkei 225 Average was up 108.09 points or 1.24 percent to 8,857.93.
Hong Kong's Hang Seng index rose 452.35 points or 3.11 percent to 14,998.04.
In Indonesia, the Jakarta Composite index advanced 16.28 points or 1.09 percent to 1,516.64.
India's BSE 30 index was up 186.04 points or 1.80 percent to 10,534.87.
The KOSPI/Seoul Composite index in South Korea gained 14.10 points or 1.10 percent to 1,297.85.
The Taiwan Weighted index was up 26.59.
China's market was closed on Monday.
On Tuesday's economic news agenda, the Bank of Japan is set to conclude its two-day monetary policy meeting on Tuesday and then announce its decision on interest rates. Analysts are expecting the bank to keep rates on hold at a record low 0.10 percent.
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