Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as investors remained cautious, while reassessing the outlook for the interest rate hikes by major central banks amid persistent inflation and a potential recession. The Asian markets closed mostly higher on Monday.
Investors also await the U.S. quarterly GDP growth rate numbers due later in the week to assess the outlook for U.S. rate hikes and the potential for a recession.
-Buying interest may be somewhat subdued, however, as concerns about inflation and a potential recession continue to hang over the markets.
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