"We're headed towards a correction," Hugh Johnson from Johnson Illington Advisors said Tuesday. "The market is ahead of itself. It is effectively overstating the strength of the recovery that's coming in the third or fourth quarter."
Although India's GDP came in better-than-expected, Rajeev Malik, head of India & ASEAN economics at Macquarie Securities Group, says the growth is not self-sustaining. CNBC's Oriel Morrison and Anichya Shah find out more.
The RBA hiked rates by 25 bps to 3.75%, in line with market expectations. Shane Oliver, head of investment strategy & chief economist at AMP Capital Investors and Adrian Foster, head of financial markets research, Asia Pacific at Rabobank, give their instant analysis to CNBC's Oriel Morrison.