Asian Markets Cautious Ahead of US Inflation Data and Rate Hike Outlook
- Asian markets mixed Monday ahead of key US inflation data and Fed rate hike outlook
- Traders concerned central bank may lift rates further to control prices
- Dollar strengthened on expectations US rates to remain high for some time
- Investors watching Biden-Xi meeting at APEC summit for signs of easing US-China tensions
- Tokyo, Hong Kong, Seoul markets up; Shanghai, Sydney down in early trade