Asian stock markets are mostly lower on Tuesday following the negative cues from Wall Street amid the recent surge in coronavirus cases in several parts of the world. Investors also turned cautious ahead of two key Senate run-off elections in Georgia later today that will determine which party controls the Senate and could have a major impact on President-elect Joe Biden's economic policies.
The Australian market is declining following the negative cues from Wall Street. News that New South Wales recorded four new locally acquired coronavirus cases on Tuesday after reporting zero cases on Monday also dampened sentiment.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.