Asian markets trade sideways following Wall Street gains

Asian markets traded sideways on Tuesday, after major indexes on Wall Street closed in the green and on headlines out of the UK of a deadly explosion at a concert venue in Manchester.

The safe-haven yen climbed after news of the bombing. The dollar was fetching as little as 110.84 yen down from around 111.34 yen earlier. At 9:00 a.m. HK/SIN, the dollar was fetching 111.13 yen.

The British pound also slipped after the news, fetching as little as USD 1.2983, off a high of $1.3005 earlier. At 9:00 a.m. HK/SIN, the pound was at USD 1.2978.

The Nikkei 225 dipped 0.16 percent in Tuesday trade while the ASX 200 declined 0.05 percent. South Korea's benchmark Kospi index was up by 0.14 percent.

Hong Kong's Hang Seng Index was up 0.12 percent. Mainland China markets opened lower, with the Shanghai Composite down 0.27 percent and the Shenzhen Composite lower by 0.327 percent.

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