Asian stock markets are trading mostly lower on Tuesday, despite the broadly positive cues from Wall Street overnight, amid rising prospects of the Federal Reserve resorting to aggressive policy tightening to combat rising inflation. Traders remain cautious ahead of this week's key inflation report from the U.S. which will offer cues on the interest rate outlook. The Asian markets closed mostly higher on Monday.
Market participants also await a European Central Bank (ECB) policy meeting on Thursday for confirmation whether the central bank will raise rates at the July 21 policy meeting.
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