Asian markets settle mostly higher on Tuesday

Asian markets settled mostly higher on Tuesday. Chinese shares ended higher after better-than-expected Chinese trade data. China’s customs data showed that Chinese exports rose 32.2% year-on-year, imports grew 36.7% year-on-year and the trade balance stood at $51.53 billion in June. Market sentiments improved further by tracking wall street gains overnight, while markets awaited the release of US inflation data for further clues about the global economic recovery. Investors also awaited cues from a slew of central bank decisions due this week. Japanese shares also gained on optimism over corporate earnings growth. However, lingering fears about the spread of the highly contagious corona-virus variants limited further gains in Asia.