Asian stock markets are trading mostly lower on Wednesday, following the mostly negative cues from Wall Street overnight, as traders remain cautious in the last week of 2022 amid lingering concerns about the economic outlook and the prospects of interest rate hikes continuing in to the next year. Asian Markets closed mostly higher on Tuesday.
However, China's decision to end travel restrictions and quarantine for inbound travelers from January 8, symbolizing an end to its zero-Covid policy, lifted investor sentiment.
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