Asian Stock Market: Tracks softer S&P500 Futures, yields as weak China data joins US default concerns

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• Asian equities trade mixed amid broadly cautious mood, softer China statistics.
• Sluggish Oil price, upbeat Wall Street fails to impress equity buyers ahead of debt ceiling talks.
• US policymakers remain at loggerheads before the key negotiations, suggesting fears of “catastrophic” default.
• Central bankers’ hesitance in promoting higher rates, scheduling of US debt ceiling talks favors cautious optimism.

Markets in the Asia-Pacific zone grind lower as fears of the US default joins downbeat China data during Tuesday’s sluggish session.