Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, as traders cashed in on recent strength in the markets amid lingering concerns about the global economic outlook. Worries about any aggressive tightening by the US Fed faded after data showed a drop in U.S. job openings, and a slump in U.S. manufacturing activity. Asian markets closed mostly higher on Tuesday.
Traders also continued to look ahead to the release of the US Labor Department's closely watched monthly jobs report on Friday. The data could impact the outlook for interest rates and the economy.
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