Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as a stronger U.S. dollar weighed on crude oil prices and on most of its major Asian rivals. Traders are also cautious ahead of release of the crucial U.S. inflation data later in the day, which could have a significant impact on the outlook for interest rate hikes. Asian Markets closed mixed on Wednesday.
Economists expect the inflation data to show a modest slowdown in the annual rate of consumer price growth, which could add to optimism about a slowdown in the pace of rate hikes.
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