Asian stocks sluggish before more rate cues; China buoyed by positive trade data

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.

Chinese markets were among the few gainers for the day, extending gains after data showed a substantially bigger-than-expected increase in Chinese imports through April, reflecting some strength in local demand. 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.miss expectations in April. Still, the stronger import data factored into optimism over a potential recovery in the Chinese economy, which was also a key driver of recent gains in Chinese stocks.) , which fell 0.

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