Asian stocks treading water
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South Korea's Samsung Electronics is higher in Tuesday trade.
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SYDNEY, Australia (CNN) -- Asian stocks are treading water in Tuesday afternoon trade, with South Korea giving up early gains.
Markets in Singapore and Australia are also dipping just into the red. Hong Kong is flat, up 0.02 percent.
Taiwan and New Zealand are showing the day's best performances, up about 0.4 percent.
Japan's financial markets are closed for a national holiday to mark Emperor Akihito's birthday.
In Seoul, the Kospi is 0.6 percent lower to 804.34 after going as high as 812.75 earlier in the day. Leading exporter Hyundai Motor rose 2 percent at the open, but is down 0.9 percent to 48,450 won.
Samsung Electronics is up slightly, while SK Telecom is almost 2 percent ahead to 208,000 won. Big bank Shinhan Financial Group is up 1.9 percent to 18,550 won.
In Australia, the S&P/ASX200 is down 0.02 percent to 3254.8. Telstra is steady, but resources giant BHP Billiton is down 0.33 percent to A$11.96.
Media group News Corp. is continuing to make gains, up 0.6 percent to A$11.91.
Beverages group Foster's is 0.45 percent ahead to A$4.51 after a successful share buyback and a 6 percent lift in its U.S. grape harvest. (Full story)
In New Zealand, the Top 50 is 0.44 percent ahead to 2417.37, with a 1 percent gain for Telecom NZ.
Taiwan's Taiex is 0.4 percent ahead to 5854.33. Market heavyweight TSMC is up 0.8 percent to T$62.00.
In Hong Kong, the Hang Seng index is 0.02 percent ahead to 12,485.52. Big bank HSBC is steady at HK$121.00.
Singapore's Straits Times index is down 0.13 percent to 1720.26. SingTel is flat at S$1.91 but leading bank DBS is down 0.7 percent to S$14.50.
The moves in Asia follow a solid performance on Wall Street Monday, with the Dow Jones industrial average putting on 0.58 percent to a 19-month high of 10,338.00 and the tech-heavy Nasdaq adding 0.25 percent. (Full story)
On the currency front, the dollar is trading at 107.47 yen. The euro is at $1.2398 after going as high as $1.2406.
