China hobbles rebound in Asia shares; US data, Fed meet in view
SINGAPORE -Asian stocks inched slightly higher on Tuesday but struggled to sustain an upbeat rally on Wall Street as concerns about a faltering Chinese economy dampened the market mood.
"It is still uncertain if this momentum can last," said Lynn Song, ING's chief economist for Greater China, of the better-than-expected trade surplus thanks to export growth. China's CSI300 blue-chip index fell to a seven-month trough and last traded 0.17% lower, while the CSI Tourism Index tumbled to a record low, underscoring the country's anaemic consumer demand.
Expectations are for headline inflation in the United States to have further slowed to an annual 2.6% in August, as compared to July's 2.9%.
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