Asia markets trade higher as investor fears on banking turmoil ease

Bondi Beach in Sydney, Australia

Brook Attakorn | Moment | Getty Images

Asia-Pacific markets were higher on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing.

In Australia, the S&P/ASX 200 rose 1.11%. Japan’s Nikkei 225 was up 0.3%, while the Topix saw a larger gain of 0.57% in early trading.

South Korea’s Kospi rose 0.28%, and the Kosdaq was also marginally up.

Hong Kong’s Hang Seng index was also looking to trade higher, with futures standing at 19,638 compared to the index’s last close of 19,567,69.

Elsewhere, South Korea will release its consumer sentiment index for March, while Australia will see its retail sales data for February.

Overnight in the US, the  Dow Jones Industrial Average gained almost 200 points, or 0.6% higher, and the S&P 500 was up 0.2%. However, the Nasdaq Composite finished lower by 0.5% at 11,768.84.

— CNBC’s Tanaya Macheel and Alex Harring contributed to this report.

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