(RTTNews) - Asian stocks ended mixed on Wednesday ahead of a high-stakes U.S.-China summit on Thursday, which could lead to new trade agreements amid escalating competition and restrictions on advanced technologies. While falling oil prices helped ease inflation fears, hawkish comments from several Federal Reserve officials reinforced market expectations interest rates will stay higher for longer. The U.S. dollar held near a two-month high after St. Louis Fed President Alberto Musalem, Richmond Fed President Tom Barkin and Boston Fed President Susan Collins all stressed that additional rate hikes may be needed to lower inflation, hinting at further tightening.
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