Asian markets sputter after Wall Street’s strong start.

Investor enthusiasm waned on Tuesday after a big day on Wall Street, with Asian markets only moderately higher and stocks elsewhere poised to open lower.

Stocks in mainland China led the way, after sitting out a strong Monday because of a holiday. Within the Asia-Pacific region, Australian and New Zealand stocks were also more than 1 percent higher.

Other signs pointed to lingering skepticism. Futures markets indicated stocks in Europe and the United States would open lower later on Tuesday.

Monday’s rally was fueled in part by signs of progress in the fight against the coronavirus outbreak in the United States and Europe. But the global economy still faces daunting challenges before it can get back on track.

The bond market was mixed, with the 10-year Treasury bond rising in price. Gold prices rose in futures markets.

In Japan, the Nikkei 225 index was 0.1 percent higher. Hong Kong’s Hang Seng index was up 0.3 percent. In mainland China, the Shanghai Composite index was up 1.7 percent. South Korea’s Kospi rose 0.3 percent.

Wall Street began the week with a big rally.

Stocks rallied on Monday as investors seized on signals that the coronavirus outbreak may be peaking in some of the world’s worst-hit places.

The number of new confirmed deaths and infections is slowing in parts of Europe, and the number of deaths in New York has been steady for two days. In Italy and Spain, the total number of patients continues to climb, but the rate of new infections is no longer rising.

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