India, Aug. 28 -- Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations. Asian markets ended mostly higher on Thursday.
Expectations are running high for a rate cut, with CME Group's FedWatch Tool currently indicating an 87.2 percent chance the Fed will lower rates by a quarter point at its next monetary policy meeting in September.
The Australian stock market is trading modestly lower on Friday, ...