Asian markets end mostly higher on Tuesday
Markets in China, South Korea and Taiwan remained closed due to local holidays
Asian markets ended mostly higher on Tuesday, despite weakness in the global markets following anxiety surrounding the imminent stimulus tapering and monetary tightening. Concerns over the growth of the world’s second largest economy following liquidity crisis of Chinese property developer Evergrande too adding pressure on market sentiments. Interest payments on the Evergrande’s bonds are due later in the week and S&P Global warned that the company was in the brink of default. Japanese shares declined as trading resumed after holidays. Markets in China, South Korea and Taiwan remained closed due to local holidays.
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