Investing.com-- Most Asian markets fell on Tuesday, tracking overnight weakness in Wall Street as strength in the U.S. job market drove bets that interest rates will remain relatively high.
Other Asian markets took a weak lead-in from Wall Street, which fell sharply as traders priced in the prospect of a smaller rate cut in November. U.S. stock index futures were muted in Asian trade. Chinese officials are set to hold a briefing later on Tuesday to outline how they plan to implement more stimulus measures.
Buying into China was also driven by a heavy dose of bargain hunting, given that the country’s benchmark indexes slipped to a seven-month low in September.
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