The US-China relationship, further Chinese stimulus measures remain in focus. Market players will focus on the US S&P Global PMI data due on Wednesday.
The US Commerce Department’s statement reported late Tuesday that US Commerce Secretary Gina Raimondo met the Chinese ambassador Xie Feng, and had a productive discussion before her departure to China, according to Reuters. The headline surrounding the US-China relationship remains in focus and the renewed tension between the world's two largest economies might exert pressure on the regional market.
On the Indian front, NIFTY 50 is one of the top performers among emerging markets. However, the fears over higher US interest rates and China's sluggish economic recovery have halted the rally.
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