Asian Market Updates

Asian Shares Follow Wall Street Higher Ahead Of Fed Meeting

Asian stocks recovered from recent losses on Tuesday, thanks to a rebound in the final hour of New York trading overnight. The upside, however, remain capped by lingering uncertainty over the size of the interest rate hike by the Federal Reserve.

The Fed begins a two-day meeting later today, with a rate hike of 75-100 basis points in the cards after hotter-than-expected U.S. inflation data last week.

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by RTTNews Staff Writer

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