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Asian stock markets looked poised for a cautious open as Federal Reserve officials warned of more pain to come as they raise interest rates to fight inflation. Equity futures indicated tepid moves as trading starts in Australia and Japan after the S&P 500 and the tech-heavy Nasdaq 100 declined for the second straight session. Contracts for Hong Kong were higher after a gauge of US-listed Chinese shares notched its fifth gain in six days as investors react to more market-friendly policy signals from Beijing.
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