Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, on renewed concerns over the health of the US financial sector. The outlook for interest rate hikes and a potential recession in the U.S. is also hurting sentiment. Asian Markets closed mostly lower on Wednesday.
Traders await a slew of upcoming central bank meetings, most notably the U.S. Federal Reserve, the Bank of England and the European Central Bank, due over the next two weeks. The Bank of Japan (BOJ) is likely to keep its monetary policy steady on Friday.
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