Asian stock markets are mixed in choppy trading on Tuesday, following mixed cues overnight from Wall Street. Markets are concerned that the passage of a fresh U.S. coronavirus relief package could cause inflation to soar. Investors are also worried that rising bond yields could hurt high-growth companies reliant on easy borrowing. Asian stocks also ended mostly lower in choppy trading on Monday.
The Australian stock market is higher on Tuesday, extending gains from the previous session, with the benchmark S&P/ASX 200 just below the 6,800 level, as a major survey showed that business confidence has rebounded to its highest level in a decade. Weakness among technology stocks were more than offset by gains in financial stocks.
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