Asian Markets Mostly Lower Amid COVID-19 Resurgence
CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders were nervous about a resurgence of COVID-19 cases in Asia. a spike in coronavirus cases across several markets in the region over the weekend led to lockdowns and restrictions in some areas as well as new travel curbs in some parts of the world. Asian stocks ended on a muted note Monday.
The Australian stock market is modestly lower on Tuesday, after ending flat in the previous session, with the benchmark S&P/ASX 200 staying below the 7,300 level, as traders braced for further updates on a worsening domestic coronavirus situation in some states. Stocks across most sectors are weak with only technology stocks, following their peers on the tech-heavy Nasdaq, providing a boost. The cues from Wall Street overnight were mixed.
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