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Asian Markets Mostly Higher

(RTTNews) - Asian stock markets are mostly higher on Tuesday following the record highs overnight on Wall Street and as investor sentiment improved after the U.S. removed China from a list of currency manipulators ahead of the signing of a phase one trade deal between the two countries on Wednesday. Chinese Vice Premier Liu He is scheduled to visit Washington to sign the deal.

The Australian market is advancing, led by banks, miners and tech stocks.

The benchmark S&P/ASX 200 Index is adding 45.00 points or 0.65 percent to 6,948.70 and the broader All Ordinaries Index is up 45.90 points or 0.65 percent to 7,066.10. Australian stocks closed lower on Monday.

Among the major miners, Fortescue Metals and BHP are higher by more than 1 percent each, while Rio Tinto is adding 0.5 percent. South32 is rising more than 2 percent.

Steel producer BlueScope Steel is among the best performers on the stock exchange, gaining more than 3 percent.
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