Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders continued to worry about the economic outlook ahead of next week's US Federal Reserve monetary policy meeting. The new wave of COVID-19 infections in China also continues to hurt market sentiment amid supply and demand concerns. The Asian markets closed mostly higher on Monday.
The Australian stock market is slightly lower in a choppy session on Tuesday, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 6,700 level, following the broadly negative cues from Wall Street overnight, dragged by plunging technology stocks, partially offset by strength in energy and materials stocks.
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