Asian stock markets are trading mostly lower on Tuesday, with most markets also extending the losses of the previous session, following the broadly negative cues from Wall Street overnight, as signs of growing inflationary pressures and the surge in spread of the delta variant of coronavirus in many countries raised concerns that the pace of global economic recovery might slowdown significantly. Asian stocks ended mostly lower Monday.
The Australian stock market is modestly lower on Tuesday, extending the losses of the previous session, with the benchmark S&P/ASX 200 staying below the 7,300 level, following the broadly negative cues from Wall Street overnight, with materials, energy and financial stocks dragging the market. Traders remain concerned about the spread of the highly contagious coronavirus variants in more states.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.