Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, with technology stocks tumbling to mirror their peers on the tech-heavy Nasdaq. Traders also make their moves cautiously ahead of the release of crucial U.S. inflation data later in the day, which could impact the outlook for interest rates. Asian Markets closed mostly higher on Tuesday.
The rising geopolitical worry amid the face-off between the U.S. and China over Taiwan also continues to weigh on market sentiment.
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