Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, the escalating tensions in Europe and the Middle East are weighing on market sentiment. Asian markets closed mixed on Monday.
After cutting rates by a quarter point last week, the Fed is widely expected to lower rates by another quarter at each of its next two meetings in October and December.
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