Asian Markets Track Global Markets Lower

Asian stock are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as traders fear the widely expected interest rate cut of a quarter point by the US Fed later in the day will be too little after recent US jobs and inflation numbers. They remain cautious and are reluctant to make significant moves ahead of the announcement. Asian markets closed mostly higher on Tuesday.While the Fed is widely expected to lower interest rates by 25 basis points, traders wil ...