Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders continued to move money out of relatively risky assets like stocks ahead of the release of key US inflation data later in the day that could have a significant impact on the outlook for interest rates. Asian markets closed mostly lower on Tuesday.
Fed Chair Jerome Powell had said following last week's rate hike that the central bank would take a "data-dependent approach" to future monetary policy decisions.
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