Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid optimism over the U.S. presidential election as early results show Republican candidate Donald Trump surging ahead of Democratic candidate Kamala Harris. Traders also remain cautious ahead of the US Fed's interest rate decision tomorrow. Asian markets closed mostly higher on Tuesday.
The Fed is widely expected to lower interest rates by another 25 basis points, but traders will be looking to the accompanying statement for clues about the likelihood of future rate cuts.
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