Asian stock markets are mostly lower on Tuesday, following the broadly negative cues from Wall Street in the previous session, as traders cautiously await a slew of data from the region later in the week. Some are also booking profits after the recent strength in the markets. Asian markets closed mixed on Friday.
Recouping the losses in the previous session, the Australian stock market is notably higher on Tuesday, following the lack of cues from global markets overnight as they were closed for New Holiday. The benchmark S&P/ASX 200 is moving above the 7,600 level to near record highs, with gains across most sectors, except gold miners.
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