The Nikkei Index gained 0.3% for its first advance in five trading sessions on Tuesday, but investors remain on edge due to a lack of progress in the U.S. government shutdown saga.
Shares on mainland China gained ground on Tuesday after returning from a week-long holiday, which in turn lifted the Hong Kong market.
According to Reuters, European markets opened lower on Tuesday, extending their losses into a fourth session in five days with investors preferring to remain in side lines due to a lack of progress in resolving the U.S. budget standoff.
Reuters reports that U.S. markets closed in the red again on Monday, extending its losses into two weeks, with investors remaining nervous due to the lack of any progress with regards the U.S. government shutdown or the debt-ceiling standoff.
Business Day reports that the JSE tracked global equity markets lower on Monday, with the gold mining index going against the trend on the back of a firmer gold price, as well as its safe-haven appeal, while investors remain concerned over the US budget impasse and the looming debate over raising the debt ceiling.
The Rand is trading slightly firmer at R9.9929 against the Dollar, while it is slightly firmer at R13.5563 against the Euro, and at R16.0258 to the Pound.
The gold price has extended its gains to a second trading session in Singapore on Tuesday, as the situation in the U.S. with regards a partial government shutdown boosted the precious metal's safe-haven appeal. Gold was last trading at $1 326.86 with the platinum price quoted at $1 1406.00, while the palladium price was at $709.50.
Brent crude oil was last trading higher at $109.67 a barrel.