India, Aug. 11 -- Asian stocks ended mixed in cautious trading on Tuesday, with Japanese markets closed for a holiday. Amid a lack of any breakthrough in Middle East talks and protracted uncertainty over the global inflation outlook, investors braced for key U.S. inflation readings due this week.
The U.S. dollar was largely subdued in Asian trading, while Brent crude futures climbed above $89 a barrel amid fading hopes for a deal between Washington and Tehran to reopen the Strait of Hormuz, a critical waterway for global energy supplies.
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