India, Nov. 23 -- Asian stock markets, led by Japan, are mostly higher on Tuesday following the positive cues overnight from Wall Street after British pharmaceutical giant AstraZeneca said its coronavirus vaccine candidate being developed in collaboration with Oxford University had an average efficacy of 70 percent.

Investor sentiment also received a boost following news that the Trump administration has officially commenced the transition process to U.S. President-elect Joe Biden, and Biden has chosen former U.S. Federal Reserve Chair Janet Yellen to be Treasury Secretary.

The Australian market is notably higher, extending gains from the previous session.

The benchmark S&P/ASX 200 Index is advancing 75.10 points or 1.14 percent to 6,6...