Investing.com - Asian shares gained on Tuesday with news out of China of better than expected third quarter economic performance aiding regional sentiment.
The Shanghai Composite rose 0.25%, while the S&P/ASX 200 gained 0.19% and the Nikkei 225 was flat.
Shares in Samsung (KS:005930) electronic dropped 6% to KRW1.579 million as the company ordered a halt to all sales efforts and informed customers to stop using their Galaxy Note7 smartphones while it investigates reports of fires in the devices. Overnight, shares in Apple (NASDAQ:AAPL) gained as the reports filtered out of the sales halt.
On Tuesday, Japan reported a current account surplus of ¥1.98 trillion for August, wider than the seasonally-adjusted surplus of ¥1.58 trillion seen.
In Australia, the September NAB business confidence survey came in at a reading of plus-6, unchanged from the previous month, and the NAB business survey rose to plus-8 from a previous reading of plus-7.
Earlier, Australia said home loans for August fell 3.0%, more than the 2.5% drop seen month-on-month, and housing finance rose 0.1%, compared with the previous reading at a 0.5% gain with finance commitments for owner-occupied dwellings fell for the second consecutive month owing mainly to a decline in loans for purchases of existing dwellings and a fall in loans for purchases of new dwellings.
A detailed RBA view on the housing market will be available in the semiannual Financial Stability Review due Friday.
Overnight, U.S. stocks were higher after the close on Monday, as gains in the Oil & Gas, Utilities and Technology sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average gained 0.49%, while the S&P 500 index climbed 0.46%, and the NASDAQ Composite index gained 0.69%.