Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, as traders remain cautious and reluctant to make significant moves amid worries over a standoff on raising the U.S. government's $31.4 trillion borrowing limit. Traders also looked ahead to the release of some key economic data in the coming days. Asian markets closed mostly higher on Monday.
Remarks by Federal Reserve officials are also likely to attract attention this week, with Fed Chair Jerome Powell due to participate in a Perspectives on Monetary Policy panel before the Thomas Laubach Research Conference on Friday.
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