Australian shares .AXJO rose 0.2 percent, breaking a three-day losing streak as top banks and supermarkets rose ahead of data expected to show retail sales recovered some strength before Christmas.
South Korean shares .KS11 opened up 0.2 percent. Tech heavyweight Samsung Electronics Co Ltd (005930.KS) launched the local earnings season on Tuesday by announcing a better-than-expected estimated fourth-quarter operating profit.
"The main index is seen rangebound after steadily declining since last week's rapid gains as caution rules before fourth-quarter earnings," Kim Soon-young, an analyst at IBK Securities, said of Seoul shares.
Global shares fell and bond prices rose on Tuesday, with investors cautious ahead of a U.S. earnings season expected to show sluggish growth in quarterly corporate profits.
U.S. earnings season began on Tuesday with Alcoa Inc (AA.N), the largest aluminum producer in the U.S., reporting a fourth-quarter profit of $242 million, in line with expectations. Investors tend to scrutinize Alcoa's results to gauge overall economic health as the company's aluminum products are used in the automotive, appliance and airline industries. read more Alcoa In earnings report
U.S. corporate profits are expected to be higher than the third quarter's lackluster results, but analysts' estimates are down sharply from where they were in October.
Japan's benchmark , average .N225 opened down 1 percent, hit by the yen's pause from its steady fall over the past two months which sent it down about 12 percent against the dollar. The Nikkei had risen about 21 percent in the same period.
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