Asian stock markets are mostly sharply higher on Tuesday, despite the soft cues overnight from Wall Street, on surging commodities prices and the easing U.S. dollar. Traders remain concerned about the recent acceleration in inflation and look ahead to the release of the minutes of the Federal Reserve's latest monetary policy meeting and comments on the economy on Wednesday. Asian stocks ended mixed on Monday.
Meanwhile, traders also continue to be cautious amid the surge in daily coronavirus cases in the region, mainly in India and Japan, and the related restrictions and lockdowns in several areas, which will impact the pace of global economic recovery from the pandemic.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com