Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, as data showing a drop in U.S. consumer prices inflation in the month of December, the first time in more than two and a half years, raised expectations the US Fed will slow down the pace of its interest rate hikes in the coming months. Asian markets ended mostly higher on Thursday.
The US Fed is still widely expected to raise rates by at least 25 basis points at its next meeting.
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