Asian shares could tiptoe higher on firmer U.S. dollar

MELBOURNE (BestGrowthStock) – Asian stocks are set to creep higher on Tuesday, after Wall Street bounced off its lows and the U.S. dollar held near a two-month high against the yen, which should support Japan’s exporters.

U.S. stocks (Read more about the stock market today. ) slipped in light trading on worries that Europe’s credit crisis would spread despite an 85 billion euro bailout of Ireland, but stocks ended well off their lows of the day as energy and financial stocks rallied.

Asian stocks listed on Wall Street (.BKAS: ) rose 0.25 percent.

Tension on the Korean peninsula will keep a lid on any gains, as the United States continued to consult with South Korea, Japan and other partners on how to deal with the North Korean situation.

Japanese markets are set to tick higher, with Nikkei futures traded in Chicago climbing 0.75 percent to 10,095.0, 25 points above the last closing level in Osaka.

Australian and New Zealand stocks slipped 0.3 percent in early trade, as weaker metals prices weighed on the top miners.

(Reporting by Sonali Paul; Editing by Ed Davies)

Asian shares could tiptoe higher on firmer U.S. dollar