Asian stocks muted before more rate cues; Indian shares tumble

Investing.com-- Most Asian stocks crept lower on Tuesday, cooling from recent gains as investors awaited more cues on interest rates this week, while Indian shares tumbled from record highs after early vote counting showed the BJP did not clinch as wide a victory as expected.

While a BJP victory still presented an unprecedented third consecutive term for Prime Minister Narendra Modi, a smaller majority will see Modi face more difficulty in doling out reforms and infrastructure spending.Broader Asian markets moved in a flat-to-low range, as anticipation of U.S. labor data and a string of key central bank meetings kept sentiment subdued.Scan QR code to install app

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