Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID policy adjustments and a rescue package for the country's struggling property sector.
Some Chinese cities have begun cutting routine community testing, days after China announced an easing of some of its heavy-handed coronavirus measures. At the same time, however, COVID case numbers in the country have grown.
Oil dropped on fears China could impose further lockdowns in some cities. U.S. crude fell 0.43% to $85.43 a barrel while Brent crude slipped 0.2% to $92.81.read more Inflation in the United States remains at the top of the mind for many global investors who are waiting for producer price index data later on Tuesday.
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