Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders indulged in bargain hunting after the recent sharp sell-off. They also remain cautious amid lingering concerns about the outlook for interest rates ahead of the Federal Reserve's monetary policy meeting next week, as well as concerns about global economic growth amid a surge in Covid-19 cases and related shutdowns in China. Asian markets closed mostly lower on Monday.
Tumbling commodity prices also weighed on energy and materials shares. Traders may also have been reluctant to make significant moves ahead of the release of earnings news from a number of big-name companies.
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