Asian stocks sluggish before more rate cues; Chinese markets gain

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Asian stocks sluggish before more rate cues; Chinese markets gain

Investing.com-- Most Asian stocks moved in a flat-to-low range on Thursday amid a dearth of direct trading cues and as markets awaited more comments from Federal Reserve officials and key U.S. inflation data in the coming days.

Regional markets took few cues from a middling overnight close on Wall Street, as a string of Fed officials warned that interest rates will remain higher for longer. U.S. stock index futures were flat in Asian trade.indexes rose about 0.5% each on Thursday, sticking close to recent six and seven-month highs after an extended rebound over the past three months.

 

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