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AFP News

Most Asian Markets Drop As Traders Weigh US Rates Outlook

United States Asia Interest Rates

Asian traders tracked a tepid lead from Wall Street, where the Dow and S&P 500 came off record highs on Monday (Credit: AFP)

Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.

Comments from top Federal Reserve officials suggesting they would like to see a slower pace of rate cuts tempered hopes for another bumper cut at the bank's next meeting, while Middle East worries pushed gold to a new record.

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