Asian stock markets are trading mostly higher on Tuesday, despite the mostly negative cues from Wall Street overnight, as traders shrugged off concerns about inflation and continue to pick up stocks at a bargain after the recent big sell-off. Traders also looked ahead to the release of the U.S. inflation data and the minutes of the U.S. Federal Reserve's latest monetary policy meeting, for directional clues. Asian stocks ended mostly lower on Monday.
The inflation data will potentially impact the outlook for interest rates as a strong reading could strengthen expectations about a speedier pace of policy tightening by the Fed to fight inflation.
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