Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from European markets overnight, as the US dollar strengthens against most currencies in the region. Traders also cautiously await the first monetary policy decisions of the year from major global central banks. Asian markets closed mixed on Monday.
Adding to the slight losses in the previous two sessions, the Australian stock market is sharply lower on Tuesday, following the broadly negative cues from European markets overnight. The benchmark S&P/ASX 200 is falling to near the 7,400 level, with losses across most sectors led by mining and energy stocks.
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