Asia-Pacific markets mixed as Middle East tensions rise, Powell signals rate cuts

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Asia-Pacific markets mixed as Middle East tensions rise, Powell signals rate cuts
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China’s central bank will release its medium-term lending rate on Monday, while Singapore will publish its manufacturing data for July.

Traders in Asia will also return to the markets following dovish comments by U.S. Federal Reserve Chairman Jerome Powell on Friday and after Israel and Hezbollah traded strikes on Sunday.

Over the weekend, Israel's Air Force struck Hezbollah targets in Lebanon, shortly before the Iran-backed armed group launched over 320 rockets toward Israel.

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