Asian markets end mostly higher on Tuesday

Asian equity markets ended mostly higher on Tuesday, with Chinese stocks gaining traction as US stocks pulled back after suffering energy stock losses. However, Japanese shares suffered heavy losses amid a rally in the yen after a local media report suggested the government's highly anticipated stimulus package may not live up to expectations. Investors awaited policy meetings by the Federal Reserve and Bank of Japan this week to see how policymakers will respond to increasing global uncertainty in the wake of last month's Brexit vote. While the Fed is not expected to raise rates at the end of its two-day policy meeting on Wednesday, the Bank of Japan is widely expected to add at stimulus at the end of its two-day policy meeting on July 29.