Asian stocks rangebound before U.S. inflation, China hit by property woes.

Most Asian stocks kept to a tight range on Tuesday as anticipation of key U.S. inflation data deterred any major trades, while Chinese markets retreated as another major property developer defaulted on bond payments. 

Regional markets traced a lack of committed moves on Wall Street, as traders remained wary of any major bets before inflation readings on Tuesday and Wednesday. 

U.S. stock index futures were also rangebound in Asian trade. 

Chinese stocks stall as property market hit with fresh defaults

China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell about 0.3% each, pulling back further from their highest levels so far in 2024. Losses were driven chiefly by a drop in property market stocks.