Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid increasing expectations of a U.S. Fed interest rate cut next month after recent data showed US consumer price inflation rose in line with estimates in August. Concerns about a potential partial U.S. government shutdown are weighing on market sentiment. Asian markets closed mostly higher on Monday.
Traders also seemed reluctant to make more significant moves ahead to the release of the closely watched US monthly jobs report and US consumer confidence data on Friday, which could impact the outlook for interest rates.
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