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Asian Markets Mostly Higher CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Tuesday, following the positive cues from Wall Street overnight, as upbeat earnings news contributed to rebound along with continued optimism about the economy, despite some concerns about the spread of new coronavirus variants. Investors also await the U.S. Federal Reserve s monetary policy announcement on Wednesday for clues on the timing of stimulus tapering and the outlook for the global economy. Asian stocks ended mostly lower Monday. The Australian stock market is modestly higher on Tuesday, after the slight losses of the previous session, with the benchmark S&P/ASX 200 breaking above the 7,400 level to fresh all-time highs, following the positive cues from Wall Street overnight, with materials and energy stocks lifting the market. Traders remain concerned about the spread of the highly contagious coronavirus variants in more states.

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