Asian stocks are turning in a mixed performance on Tuesday, weighed down by overnight weak close on Wall Street amid concerns surrounding valuations of AI related stocks, and geopolitical tensions following China's military exercises around Taiwan, and Ukraine's drone strikes near Russian President Vladimir Putin's residence.
Profit taking in precious metals triggered weakness in resources stocks in most of the stock exchanges in the region. Volumes remained thin ahead of upcoming New Year holidays.
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Market Analysis
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.