Asian stock markets are trading mixed on Tuesday, following the mixed cues from global markets overnight, as traders remain cautious and reluctant to make significant moves while they await additional news on US debt ceiling negotiations after talks broke down last week. Asian markets closed mostly higher on Monday.
Traders also digested comments from a few US Fed officials and assessed the outlook for interest rates. Federal Reserve Bank of St. Louis President James Bullard said that he backed two more increases, while Federal Reserve of Minneapolis President Neel Kashkari said if the central bank does pause, it should signal tightening isn't over.
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