Asian stock markets are mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the US Fed could resort to cutting interest rates as soon as March 2024. Traders seem reluctant to make significant moves ahead of the Fed's monetary policy announcement on Wednesday. Asian markets closed mixed on Monday.
Although stocks continued to benefit from the optimism about the outlook for interest rates, traders are likely to focus more closely on the central bank's accompanying statement and projections.
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