Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious ahead of the US Fed's interest rate decision later in the day, where it is widely expected to raise interest rates by another 25 basis points. They are hopeful the rate hike will be the last following recent encouraging inflation data. Asian markets closed mixed on Tuesday.
The European Central Bank and the Bank of Japan are scheduled to make their monetary policy announcements on Thursday and Friday, respectively.
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