Asian stocks tread water amid mixed Chinese, Japanese inflation

Investing.com-- Most Asian stocks kept to a tight range on Wednesday as markets digested mixed inflation prints from China and Japan, while focus remained on when the Federal Reserve could begin trimming interest rates.U.S. stock index futures were flat in Asian trade, as investors digested a testimony by Fed Chair Jerome Powell. Powell noted some cooling in the economy, but gave no clear signals on when the central bank could begin cutting rates.

Still, Wednesday’s data showed that China’s overall disinflationary trend remained in play, inspiring little confidence in the country. Chinese stocks were nursing steep losses in recent weeks as fears of a trade war with the West eroded sentiment.continued to notch record highs on persistent confidence in India’s economy, which is the fastest growing major economy in the past two years.

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