Following the mixed cues from global markets overnight, Asian stock markets are also trading mixed on Thursday, as traders reacted to a raft of domestic economic data amid the lack of major cues from the global markets. They also await key U.S. inflation data later in the day for further cues on the outlook for interest rates. Asian markets ended mostly lower on Wednesday.
Traders seem to be focusing more on the comments that reinforce expectations the US Fed will leave policy unchanged until cutting rates beginning in mid-2024.
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