Asian Stocks Rise Amid Holiday Week Uncertainty

Asian stocks ticked up slightly during a quiet holiday week, held back by the strong dollar supported by U.S. Treasury yields. Central bank meetings in Japan and Australia contributed minimal changes, while China's economic outlook remains cautious amid reform challenges and global trade tensions.

Asian stocks experienced a subtle uptick on Tuesday, influenced by a subdued holiday-curtailed trading week, while the U.S. dollar reached a near two-year high, bolstered by elevated Treasury yields.

This calm follows a wave of central bank decisions, with Japan and Australia's meeting minutes offering insights into their unchanged rates. The persistent strength of the dollar continues to stress commodities and impact economies like Brazil and Indonesia due to currency interventions to tackle inflation.

Amid these dynamics, investors maintain cautious optimism, particularly concerning China's economic trajectory, as market and economic reforms become focal points against a backdrop of ongoing global trade tensions.

(With inputs from agencies.)