Market jitters: Asian stocks dip on Fed and China concerns.

Most Asian stocks dipped due to concerns over rising interest rates and slowing global economic growth, but optimism over more Chinese stimulus measures helped limit some losses. Chinese state-owned banks cutting rates on yuan deposits could signal a broader interest rate cut by the People’s Bank this month. Weak economic readings from China continued to pile in, with trade data showing an unexpected decline in exports in May. Focus is now on inflation data from China due on Friday for more cues on a running disinflationary trend in the country.