Asian markets stumble as hot PPI print reins in Fed rate cut hype

Asian stocks experienced a mixed recovery as higher-than-expected U.S. producer price inflation tempered expectations for aggressive Federal Reserve rate cuts. U.S. bond yields and equity futures stabilized amidst these concerns. The Nikkei 225 rebounded following positive Japanese GDP data, while investors awaited a U.S.-Russia meeting in Alaska, influencing commodity markets.