Asian stock markets are trading mixed in thin holiday trading on Tuesday, following the firmly negative cues from Wall Street overnight, as traders indulged in bargain hunting, even as sinking crude oil prices and worries about potential collapse of Chinese real estate firm Evergrande dented sentiment. Traders also continued to track updates about the spread in the delta variant of the coronavirus in the region. Asian stocks ended mostly lower on Monday.
Traders are also cautious as they look ahead to the Federal Reserve's highly anticipated monetary policy announcement on Wednesday. Though, the central bank is widely expected to leave monetary policy unchanged, traders are likely to pay close attention to the wording of the post-meeting statements for cues on the economy.
For comments and feedback: editorial@rttnews.com