Authorization

Asian Markets Mixed On Lack Of Cues

(RTTNews) - Asian stock markets are trading mostly lower on Tuesday, following the absence of fresh cues from Wall Street, which was closed overnight for a holiday, as investors continued to track updates about the spread in the delta variant of the coronavirus in the region, and the latest batch of economic data from the region. Asian stocks ended mostly higher on Monday.

Meanwhile, there is hope that the Federal Reserve will continue with its easy monetary policy for longer time, and central banks in several countries, including Japan and China will announce additional stimulus to keep economic recovery on track.

The Australian stock market is slightly lower on Tuesday, giving up the modest gains in the previous two sessions, with the benchmark S&P/ASX 200 above the 7,500 level, following the absence of fresh cues from Wall Street, which was closed overnight for a holiday, with materials and technology stocks dragging the market.

Australia's two biggest cities, Sydney and Melbourne, are still under lockdown as the nation struggles to contain the domestic coronavirus situation, primarily in New South Wales and Victoria.

NSW has reported 1,220 new locally acquired cases of COVID-19 on Monday. Victoria also recorded 246 new locally acquired cases, with the active cases totalling 1,786 across Victoria.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Май 2022    »
ПнВтСрЧтПтСбВс
 1
2345678
9101112131415
16171819202122
23242526272829
3031