Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as investors hunkered down ahead of key U.S. inflation data due later in the day, while Hong Kong’s Hang Seng index rose sharply on strong gains in tech majorRegional markets took few cues from a middling overnight close on Wall Street, as sentiment remained on edge in anticipation of U.S.
Alibaba also announced another round of steep price cuts in its cloud business. The move- which is Alibaba’s third such price cut in 12 months- is aimed chiefly at capitalizing on growing demand for computing power in the artificial intelligence industry.)- which are also among the biggest stocks on the ASX- rose 1% and 1.7%, respectively.
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