RTTNews - A lower open is expected for Japan shares on Tuesday, following Wall Street's lukewarm lead. U.S. stocks closed near the flat line after spending much of the session in negative territory.

Japan stocks advanced for a second straight session on Monday. The benchmark Nikkei 225 Average closed up 97.62 points or 1.0 percent at 9,865.62.

Of the Nikkei component stocks, there were 157 closing higher, 53 were lower and 15 unchanged.

The broader Topix index closed up 10.33 points or 1.1 percent at 926.89.

The sinking value of the yen versus the U.S. dollar boosted the major exporters.

The auto exports were among the top gainers, with Mazda Motor jumping 17 yen or 6.14 percent, Isuzu Motors was up 11 yen or 6.59 percent, Subaru maker Fuji Heavy was up 12 yen or 2.96 percent, Honda rose 45 yen or 1.58 percent, Mitsubishi Motor was up 2 yen or 1.14 percent and Toyota was up 50 yen or 1.30 percent.

The big banking companies were also stronger, with Mitsubishi UFJ up 20 yen or 3.21 percent, Mizuho Financial rose 18 yen or 7.47 percent, commercial banker Mizuho Trust & Banking advanced 13 yen or 11.71 percent, Sumitomo Mitsui gained 250 yen or 6.38 percent and Sumitomo Trust was up 23 yen or 4.71 percent.

In the resources sector, oil producer Inpex was down 3,000 yen or 0.36 percent while Sumitomo Metals & Mining was down 42 yen or 2.76 percent.

Elsewhere, electronics giant Sony was up 15 yen or 0.56 percent, Canon added 110 yen or 3.38 percent and Sanyo Electric was unchanged.

Overseas, Wall Street spent much of its Monday session in lower territory after an earnings warning by fast food restaurant giant McDonald's, but stocks recouped most losses and were in the green at the close.

The Dow Jones Industrial Average was up 1.36 points or 0.02 percent at 8,764.49, the Nasdaq Composite index was down 7.02 points or 0.38 percent at 1.842.40 and the Standard & Poor's 500 index was down 0.95 points or 0.10 percent at 939.14.

Most of the major markets in the Asia/Pacific region closed lower on Monday.

Hong Kong's Hang Seng Index declined 426.14 points or 2.28 percent to 18,253.39.

China's Shanghai Composite index also posted a modest gain, rising 14.44 points or 0.52 percent to 2.768.34.

In India, the BSE 30 index fell 437.63 points or 2.90 percent to 14,665.92.

Indonesia's Jakarta Composite index was down 22.28 points or 1.07 percent to 2,056.65.

The KOSPI/Seoul Composite index in South Korea declined 1.41 points or 0.10 percent to 1.393.30.

The Taiwan Weighted index was down 228.72 points or 3.34 percent to 6.628.02.

On Tuesday's economic data calendar, Japan is set to release preliminary April readings for its leading and coincident indexes on Tuesday. Japan also will announce preliminary May figures for machine tool orders.

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