Investing.com - Shares in Asia mostly gained on Tuesday with the focus on expected policy details of U.S. tax cuts and spending plans to be unveiled by President Donald Trump in the coming weeks.
Investors plan to hold Trump to a promise to update the markets on his economic plans in the next two or three weeks, putting pressure on the administration to cajole Congress into drawing up a blueprint.
In Japan, the Nikkei 225 added 0.54% with Toshiba shares up 1.61% after Reuters reported the troubled conglomerate wants to raise at least 1 trillion yen ($8.83 billion) from the sale of a majority stake in its NAND flash memory business. The company previously reported a $6.3 billion writedown of its U.S. nuclear unit.
Hong Kong's Hang Seng index advanced 0.21%, while the Shanghai composite edged up 0.16%.In Australia, the S&P/ASX 200 fell 0.11%.
U.S. markets were shut on Monday.
Last week, U.S. stocks were higher after the close on Friday, as gains in the Telecoms, Consumer Goods and Technology sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.02% to hit a new all time high, while the S&P 500 index added 0.17%, and the NASDAQ Composite index added 0.41%.