Asian stock markets are in positive territory on Tuesday following the strong gains overnight on Wall Street as investor sentiment was bolstered by upbeat U.S. housing data and hopes of more stimulus measures, which offset worries about the sharp spikes in new coronavirus cases in the U.S. and other parts of the world. Data showing that China's manufacturing sector expanded more than expected in June also boosted stocks.
The Australian market is rising following the positive cues from Wall Street.
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