Asian stock markets are trading mostly higher on Tuesday, following the lack of cues from Wall Street overnight due to a holiday, as signs of easing COVID-19 curbs in Beijing and Shanghai as well as the announcement of more stimulus measures in China raised optimism about growth in the world's second largest economy and helped underpin sentiment. Asian markets closed mostly higher on Monday.
Shanghai's Vice Mayor Wu Qing said over the weekend that authorities will loosen the conditions under which companies are able to resume work this week after strict lockdown for nearly two months.
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