Asian stocks drift higher with China trade, inflation in focus

Investing.com-- Asian stocks rose on Tuesday, recovering a measure of recent losses as investors awaited more cues on a potential trade war between China and the West, while upcoming inflation prints were also in focus.

Regional markets took middling cues from Wall Street, which ended largely lower on losses in heavyweight chipmaking stocks. U.S. futures traded sideways in Asian trade.data, which is the Federal Reserve’s preferred inflation gauge, and is likely to factor into the outlook for U.S. interest rates. Chinese ministers were seen engaging in dialogue with German officials over potentially reducing or even lifting the tariffs, which are set to be imposed from July.

Concerns over China have been a key weight on sentiment towards Asia in recent sessions, especially if the country escalates trade tensions with other major economies.

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