Asian shares edged higher on Tuesday, bouncing back from a slide the previous day, after U.S. stocks posted only modest losses in reaction to the worsening deadlock in Washington over raising the debt limit and avoiding a technical bond default.
The dollar fell to a record low against the safe-haven Swiss franc in early trade as President Barack Obama delivered a prime-time address to Americans, warning that a default on U.S. bond obligations would be a "reckless and irresponsible outcome."
The FTSE CNBC Asia 100 Index [.FTFCNBCA 6868.12 
26.07 (+0.38%)], which measures markets across Asia, climbed 0.4 percent.Japan's stock average rose, helped by short-covering after a fall the previous day and buying shares of companies that reported solid quarterly earnings such as Canon and Kao.
The benchmark Nikkei [.N225 10055.71 5.70 (+0.06%) 
] rose 0.3 percent to 10,076.27 while the broader Topix gained 0.3 percent to 864.73.
5.70 (+0.06%) ] rose 0.3 percent to 10,076.27 while the broader Topix gained 0.3 percent to 864.73.Canon rose 2 percent after posting better-than-expected quarterly profits and raising its annual forecast after it staged a rapid recovery from supply chain woes sparked by the March 11 earthquake.
Kao surged 4 percent after the household goods maker raised its full-year outlook and posted a 12 percent rise in April-June operating profit on brisk sales of its chemical products overseas and an earlier-than-expected recovery in domestic sales after the quake.
Seoul shares edged higher despite the ongoing U.S. standoff over raising the debt ceiling, with exporters such as automakers and tech firms rebounding.
The Korea Composite Stock Price Index(KOSPI) [.KS11 2153.48 3.00 (+0.14%) ] was up 0.1 percent at 2,153.5 points.
3.00 (+0.14%) ] was up 0.1 percent at 2,153.5 points.Australian stocks rose 0.8 percent in early trade in light volume, led by the banks, recouping more than half of Monday's losses despite worries about the impasse in U.S. talks to avert a national default.
The benchmark S&P/ASX 200 index [.AXJO 4553.20 22.80 (+0.5%)] was up 38.2 points at 4,571.0. New Zealand's benchmark NZX 50 index slipped 4.8 points to 3,423.3.
22.80 (+0.5%)] was up 38.2 points at 4,571.0. New Zealand's benchmark NZX 50 index slipped 4.8 points to 3,423.3.Investors will be looking out for clues on the direction of Australia's interest rates when Reserve Bank of Australia Governor Glenn Stevens speaks later today. Any hint that rates
could be on hold for longer could help retail and media stocks which have been knocked by weak consumer spending.
could be on hold for longer could help retail and media stocks which have been knocked by weak consumer spending.
Finally in Southeast Asia, Singapore's STI [.FTSTI 3170.97 
-0.58 (-0.02%)] and Malaysia's KLCI [.KLSE 1556.29 -3.31 (-0.21%)] both inched lower, down 0.1 and 0.2 percent respectively.
-0.58 (-0.02%)] and Malaysia's KLCI [.KLSE 1556.29 -3.31 (-0.21%)] both inched lower, down 0.1 and 0.2 percent respectively.Source: cnbc
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