Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders indulged in bargain hunting after the recent sharp sell-off. They also remain cautious amid lingering concerns about the outlook for interest rates ahead of the Federal Reserve's monetary policy meeting next week, as well as concerns about global economic growth amid a surge in Covid-19 cases and related shutdowns in China. Asian markets closed mostly lower on Monday.
Tumbling commodity prices also weighed on energy and materials shares. Traders may also have been reluctant to make significant moves ahead of the release of earnings news from a number of big-name companies.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.