New Zealand Trade Data Due On Monday

The private sector in Hong Kong moved into expansion territory in October, the latest survey from S&P Global revealed on Tuesday with a PMI score of 52.2.

Asian stock markets are trading mixed on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remained cautious and seemed reluctant to make significant moves ahead of the closely contested US presidential election later in the day and the US Fed's upcoming interest rate decision later this week. Asian markets closed mostly higher on Monday.

The Japanese stock market is significantly higher in post-holiday trading on Tuesday, reversing the losses in the previous two sessions, with the Nikkei 225 moving above the 38,500 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by exporters and technology stocks.

Indian shares may open on a cautious note Tuesday, mirroring weak cues from global markets ahead of major global events taking place all through the week, from the presidential election outcome in the U.S. to the Federal Reserve's commentary on the future trajectory of interest rates.

The Thai stock market has moved lower in consecutive trading days, dipping just over 3 points or 0.2 percent in that span. The Stock Exchange of Thailand now sits just beneath the 1,465-point plateau and it's tipped to open lower again on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.

The Indonesia stock market has moved lower in two straight sessions, shedding almost 100 points or 1.4 percent along the way. The Jakarta Composite Index now rests just beneath the 7,480-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion. The JCI finished modestly lower on Monday following losses from the cement companies, gains from the food sector and mixed performances from the financial and resource shares. For the day, the index sank 25.75 points or 0.34 percent to finish at 7,479.50 after trading between 7,415.81 and 7,529.70. Among the actives, Bank CIMB Niaga jumped 1.64 percent, while Bank Mandiri collected 1.50 percent, Bank Danamon Indonesia rose 0.40 percent, Bank Negara Indonesia spiked 1.92 percent, Bank Central Asia shed 0.48 percent, Bank Rakyat Indonesia added 0.43 percent, Bank Maybank Indonesia tumbled 1.75 percent, Indosat Ooredoo Hutchison dropped 0.82 percent, Indocement plunged 4.51 percent, Semen Indonesia plummeted 5.25 percent, Indofood Sukses Makmur rallied 2.05 percent, United Tractors gained 0.37 percent, Astra International advanced 0.99 percent, Energi Mega Persada surrendered 2.86 percent, Astra Agro Lestari sank 0.74 percent, Aneka Tambang improved 0.33 percent, Jasa Marga slumped 1.67 percent, Vale Indonesia declined 0.79 percent, Timah skyrocketed 7.91 percent and Bumi Resources was unchanged.

The Hong Kong stock market has moved higher in two straight sessions, advancing more than 250 points or 1.2 percent along the way. The Hang Seng Index now sits just above the 20,560-point plateau although it's likely to open under pressure on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.

Reversing the gains in the previous session, the Australian stock market is trading notably lower on Tuesday, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to stay above the 8,100 level, with weakness across most sectors led by technology and financial stocks.