Asian and Pacific stock market indices were mixed on Tuesday, after Wall Street weathered political uncertainty and posted strong gains yesterday.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, according to CNBC.

Japan's Nikkei held steady, while Taiwan's benchmark index snapped a five-session losing streak to rise 2%, tracking a rebound in chip stocks and regaining some of the $100 billion in market value wiped out by TSMC's losses in previous sessions.

European futures rose 0.1% and U.S. futures fell 0.2% after the S&P 500 rose 1.1% on Monday.

In Australia, the S&P 200 rose 0.61%. Japan's Nikkei fell 0.09%, and the Topix advanced 0.08%.

South Korea's Kospi rose 0.46%, while the Kosdaq Small Cap Index rose 0.48%.

South Korea's producer price index rose 2.5 percent on-year in June, compared with a 2.3 percent rise in May.

Taiwan's Taiex index rose 2.4%, breaking a four-day losing streak.

Hong Kong's Hang Seng Index fell 0.09%, while mainland China's CSI 300 Index fell 1%.

India's stock market indexes were flat ahead of the unveiling of the first budget under Prime Minister Narendra Modi's third five-year term.