Asian stock markets are mostly lower on Tuesday amid cautious trading, as worries about rising coronavirus cases and extension of lockdown restrictions are weighing on the markets. The cues overnight from Wall Street were broadly positive. Asian stocks ended mixed in thin holiday trading on Monday.
The Australian stock market is significantly higher on Tuesday after the long Easter weekend, with the benchmark S&P/ASX 200 near the 6,900 level at six-week highs, supported by gains in materials, financials and technology stocks. Traders are also awaiting the RBA's interest rate decision later in the day.
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