Asian stock markets are trading mostly higher on Monday, following the mixed cues from global markets on Friday, as traders seem reluctant to make significant moves ahead of the US Fed's highly anticipated monetary policy meeting this week. With the Fed widely expected to raise interest rates by another 25 basis point, traders are likely to pay close attention to the accompanying statement for clues about the outlook for rates. Asian markets closed mostly lower on Friday.
Traders also looked ahead to central bank meetings in Europe and Japan this week for further clues on the rate outlook.
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