Asia shares tick higher as spotlight stays on Fed

MELBOURNE: Asia's share markets were mostly higher on Tuesday even as global investor attention remains fixed on the prospect of U.S interest rate hikes in the next few months, after two years of unprecedented pandemic-induced policy easing.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4%, after the U.S market was closed overnight for the Martin Luther King Jr. holiday. The index is up 1.1% so far this month.