Asian Shares mixed ahead of key US earnings

Asian bourses are mixed today, with traders cautious ahead of key US earnings out this week.

In Sydney the ASX200 is up 0.9% as mining and Bank stocks lead the way. Mining stocks were higher taking there lead from a lift after base metals rose Monday. BHP is up 0.8%, RIO is up 1.2%. Banks recovered from there sell off yesterday. CBA and ANZ both up near 2%.

In Tokyo, the Nikkei is up 0.4%. Japanese steel makers are leading the way there, with Nippon steel up 5.9% after upgrades from Goldman Sachs.

In Korea, investors were using North Korea’s missile test firing on Monday as an excuse to sell stocks. Banks there are lower ahead of US bank earnings, Shinhan Financial down 2.3% and KB Financial down 1.8%. The Kospi is down 0.8% at the moment.