Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders cautiously watch developments on the tariff front as the deadline of July 9 set by the US President Donald Trump nears. US Fed Chair Jerome Powell stated that the looming threat of a global trade war stopped the Fed from slashing interest rates. Asian markets closed mixed on Tuesday.
The impact of a slowing US economy and concerns about an increase in national debt due to a new tax bill, weighed down on the US Dollar, which weakened against major currencies in the region.
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