With the mood remaining a bit cautious amid concerns about interest rates and the impact of higher borrowing costs on global economic growth, Asian stock markets are trading mixed, following the broadly positive cues from Wall Street on Friday. The Moody's downgrading its ratings outlook on the US government from stable to negative is also weighing on the markets. Asian markets closed mostly lower on Friday.
Traders are also cautious ahead of US inflation data later in the week, with reports on consumer and producer prices likely to be in focus as traders look for additional clues about the outlook for interest rates.
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