Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as the mood was cautious with traders awaiting further updates on the health of the banking sector, and looking ahead to some crucial economic data for direction. Commodity-linked stocks were the major gainers amid a spike in commodity prices. Asian markets closed mostly higher on Tuesday.
With the US Fed signaling last week that it expects just one more interest rate increase this year, traders will look to the data for clues about the timing of the final rate hike.
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