Asian stock markets are trading higher on Thursday, reflecting the broadly positive cues from Wall Street overnight, after the minutes of the US Fed's latest monetary policy meeting reiterated that a majority of participants expect one more interest rate hike will likely be appropriate before the end of the year. The continued decline by treasury yields from 16-year highs also aided the markets. Asian Markets closed mostly higher on Wednesday.
Traders now await the more closely watched report on US consumer price inflation in the month of September later in the day for clues on the outlook for interest rates.
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