Asian Stocks Mixed as Investors Await US Inflation Data and Fed Decision

Asian stocks experienced minimal movement as investors awaited US inflation data, which is expected to provide insights into the Federal Reserve`s upcoming interest rate decision. While Tokyo and Sydney markets saw slight gains, mainland China and South Korea experienced declines. Market sentiment reflects a cautious approach as investors weigh recession concerns against the possibility of a controlled economic slowdown. The upcoming US election, particularly the debate between former President Donald Trump and Vice President Kamala Harris, adds to the uncertainty. Concerns about China`s economic health persist, putting pressure on policymakers to implement supportive measures. Despite Alibaba`s stock surge following its inclusion in the Stock Connect program, Chinese real estate stocks plummeted due to weak sales data and program exclusions. Meanwhile, China`s August exports exceeded expectations, while imports saw minimal growth.