Asia markets set for mixed open as investor fears on banking turmoil ease

Asia-Pacific markets are poised to rise on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing.

In Australia, the S&P/ASX 200 rose 0.54%, and Hong Kong’s Hang Seng index is also looking to trade higher, with futures standing at 19,638 compared to the index’s last close of 19,567,69.

But Japan’s Nikkei 225 is headed for a fall as the Nikkei futures contract in Chicago was at 27,430, while its counterpart in Osaka was at 27,340, against the Nikkei 225’s last close at 27,476.87.

Elsewhere, South Korea will release its consumer sentiment index for March, while Australia will see its retail sales data for February.

Overnight in the US, the  Dow Jones Industrial Average gained almost 200 points, or 0.6% higher, and the S&P 500 was up 0.2%. However, the Nasdaq Composite finished lower by 0.5% at 11,768.84.

— CNBC’s Tanaya Macheel and Alex Harring contributed to this report