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Asian Markets Mostly Higher

(RTTNews) - Asian stock markets are mostly higher on Tuesday following the overnight gains on Wall Street amid continued optimism for a trade deal between the U.S. and China. Expectations for another interest rate cut by the U.S. Federal Reserve, which is scheduled to announce its monetary policy decision on Wednesday, also boosted investor sentiment.

The Office of the U.S. Trade Representative said Monday that Washington will consider whether to extend certain tariff suspensions on $34 billion worth of imports from China that are set to expire on December 28 this year.

The Australian market is modestly higher following the positive cues from Wall Street. Tech and mining stocks are among the major gainers.

The benchmark S&P/ASX 200 Index is adding 12.70 points or 0.19 percent to 6,753.40, after rising to a high of 6,761.50 earlier. The broader All Ordinaries Index is up 13.30 points or 0.19 percent to 6,855.80. Australian stocks ended flat on Monday.

In the tech space, Bravura Solutions is gaining almost 7 percent, Xero is rising almost 3 percent and Altium is advancing more than 1 percent.
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