Asian stock markets are mostly higher on Tuesday, following the broadly positive cues overnight from Wall Street, as the US Federal Reserve officials quell concerns about inflation and fears of monetary tightening by central banks. The coronavirus infection rate in the region is keeping the underlying mood cautious. Asian stocks ended mixed on Monday.
The Australian stock market is modestly higher on Tuesday, extending the gains of the previous three sessions, with the benchmark S&P/ASX 200 just below the 7,100 level near 14-month highs, following the broadly positive cues overnight from Wall Street. The market is powered by gains for energy, materials, financial and technology stocks.
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