Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and are reluctant to make big moves ahead of crucial reports on key inflation readings from China and the U.S. later in the week, which could affect the outlook for interest rates. Asian markets closed mostly lower on Monday.
Most economists expect another pause in interest rate hikes by the Fed next month, although the data has led to some uncertainty about the outlook for rates beyond that.
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