Asian markets turn positive ahead of RBA, RBI policy decision, gold steady above $1240

All the major Asian stock markets are trading on a positive note on Tuesday. Today market awaits two big events for the day that is RBA and RBI policy rate decision. On the other side, Japanese Yen remains well supported above 107 mark and trading around 107.72 marks. Gold depreciates in early hours and rejects $1248 mark. XAU/USD is currently trading around $1242 levels.

Japan’s Nikkei N225 was trading 0.57% higher at 16,674.53 points in Tokyo.

Shanghai composite index to open up 0.1 pct at 2,936.28 points and China's CSI300 index to open up 0.1 pct at 3,182.44 points.

Hong Kong’s Hang seng index was trading 0.74% higher at 21,189.52 points.

South Korea’s Kospi was trading 0.95% higher at 2,004.97 points.

Australia’s S&P/ASX 200 was trading 0.52% higher at 5,388.80 points.

India’s BSE Sensex was trading 0.34% higher at 26,870.99 and NSE Nifty was up by 0.33% 8,228points.