Asian stock markets are trading mixed in thin holiday trading on Tuesday, following the firmly negative cues from Wall Street overnight, as traders indulged in bargain hunting, even as sinking crude oil prices and worries about potential collapse of Chinese real estate firm Evergrande dented sentiment. Traders also continued to track updates about the spread in the delta variant of the coronavirus in the region. Asian stocks ended mostly lower on Monday.
Traders are also cautious as they look ahead to the Federal Reserve's highly anticipated monetary policy announcement on Wednesday. Though, the central bank is widely expected to leave monetary policy unchanged, traders are likely to pay close attention to the wording of the post-meeting statements for cues on the economy.
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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.