According to Korea Herald, RTHK and HKET, Asian markets were mixed at midday Tuesday as elevated bond yields tempered gains from Wall Street's record close, with Tokyo holding above 70,000 while Seoul turned lower on profit-taking.

Tokyo's Nikkei 225 traded at 70,455.44, up 508.58 points or 0.73 percent as of 13:16 UTC+9, holding above the 70,000 level after surging 2.4 percent on Monday. Advantest gained 2.85 percent to 41,450 yen and Sony rose 1.07 percent to 3,763 yen, while Tokyo Electron slipped 0.08 percent to 12,755 yen. Kyodo reported the coupon on 10-year Japanese government bonds was raised to 3.1 percent, the highest in about 30 years.

Seoul's KOSPI fell to 6,925.36, down 78.38 points or 1.12 percent as of 13:11 UTC+9, reversing early gains as concerns over rising bond yields at multidecade highs weighed on sentiment. Samsung Electronics declined 1.54 percent to 271,750 won and SK Hynix dropped 3.20 percent to 1,782,000 won. Korea Herald reported Seoul shares turned lower on profit-taking after opening higher.

Hong Kong's Hang Seng Index stood at 24,228.47 at the half-day close, up 188.13 points or 0.78 percent as of 12:05 UTC+8, with the market in its lunch break. Tencent rose 1.13 percent to HK$427.80, Alibaba gained 2.75 percent to HK$108.30 and Xiaomi advanced 1.84 percent to HK$24.32. HKET reported Zhipu (02513) climbed 8 percent, while Sina noted the Hang Seng Tech Index added 0.87 percent. Standard Chartered cut its HK stock outlook to "core allocation" with a 12-month target of 26,000 to 27,000 points, Ming Pao reported.

Taiwan's TAIEX traded at 49,728.32, up 16.28 points or 0.03 percent as of 12:29 UTC+8, paring gains after touching an intraday high of 49,968.92 — just 32 points shy of the 50,000 milestone. TSMC held steady at TWD2,580, up 0.19 percent, while MediaTek fell 4.26 percent to TWD4,945. UDN reported Hon Hai posted record September revenue of TWD1.15 trillion, a monthly high, though the stock gave up early gains to trade at TWD256, up 0.79 percent.

Mainland China's A-share markets remained closed for the National Day Golden Week holiday. Trading resumes on October 8.