Singapore/Hong Kong — Asia’s stock markets were mostly higher on Tuesday as investors cheered signs of progress in US-China trade negotiations and following a fresh Wall Street rally.
The positive tone across Asian markets on Tuesday follows reports that US and Chinese officials see progress being made in resolving concerns about the phase one trade deal reached between the two countries in January. "There is no reason to expect markets to stop any time soon even in the face of reduced global activity levels. Investors keep looking ahead with markets trading well above historical price to earnings levels.”
Also on Monday, top US infections diseases expert Anthony Fauci said that rushing out vaccines could undermine trials of other promising candidates.
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