Asian stocks ticked up in lackluster trade

Stock markets across Asia ticked higher in lackluster trade on Tuesday in the absence of a major market moving, macroeconomic events.

Weak Aussie supports S&P/ASX 200

Australia’s benchmark equity index S&P/ASX 200 rose 0.60% or 34 points after the horribly weak Australia Q3 GDP figure triggered a sell-off in the Australian dollar.

Japan’s Nikkei index inched higher by 0.4% as the Dollar-Yen pair held above 114.00 levels. Shanghai Composite index traded flat. The positive action in the Asian equities failed to lift the US index futures.