Asian Markets Slide as Wall Street Rally Loses Steam, Eyes on U.S. Inflation

Asian stocks fell on Wednesday as the post-election rally in the U.S. cooled and investors awaited key U.S. inflation data. Concerns over the impact of Donald Trump's presidency on Sino-U.S. relations and global trade, along with underwhelming fiscal measures from China, added to market pressures. U.S. stock futures also declined following a negative Wall Street session. The focus is now on U.S. CPI data, with the Federal Reserve's stance on interest rates also influencing market sentiment.