Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from global markets overnight, as traders welcomed China's announcement of a slew of measures over the weekend to bolster the country's equity market as well as fuel an increase in spending and drive economic growth. The resultant firming of commodity prices also aided sentiment. Asian markets closed mostly higher on Monday.
China put forth stimulus to ease market unrest and drive economic growth. It reduced stamp duty on stock trades by 50 percent and will slow down the pace of initial public offerings. China's securities regulator also approved the launch of 37 retail funds.
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