Asian shares were mixed in mostly muted trading on Tuesday, despite anticipation for a market reaction to the inauguration of U.S. President Donald Trump. Some analysts said the inauguration would inject optimism into global markets,

Sentiment also was helped by upbeat comments by U.S. and Chinese officials ahead of President-elect Donald Trump's inauguration later Monday. Pledges by both sides to work to improve relations may have alleviated some concerns over trade tensions that have built up as businesses brace for a possible increase in tariffs on Chinese exports to the U.

Asia-Pacific markets trade higher on Monday following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. A surge on Wall Street Friday due to a jump in tech stocks also boosted sentiment.