Asian stocks opened cautiously as investors anticipated a potential easing cycle from the U.S. Federal Reserve, with uncertainty surrounding the scale of interest rate cuts. Economic data from China indicated a slowdown, reinforcing calls for stimulus while leading to mixed market sentiment, particularly after a significant dip in Hong Kong stocks. The Federal Reserve's meeting this week is pivotal, with speculation increasing around a possible 50-basis-point cut due to weaker inflation and labor market readings. Meanwhile, geopolitical tensions surfaced following a reported assassination attempt on Donald Trump, further unsettling markets. Central banks in Japan and the U.K. are also set to meet, with no changes expected from their current policies. Overall, market activity was muted due to public holidays across several Asian countries, impacting trading volumes.