Asia-Pacific stock markets were mixed before the inflation data from the USA.
While Asia-Pacific Stock Exchanges focused on US inflation, a mixed outlook was observed in the indices.
Economists expect inflation to drop in December, which could signal the intended effects of the Fed’s previous rate hikes.
Australia’s S&P/ASX 200 Index rose 1.2 percent after the country’s November trade balance was announced.
The Nikkei 225 was flat, while Topix was up 0.34%. South Korea’s Kospi rose 0.18 percent, while the Kosdaq fell partially.
Hong Kong’s Hang Seng index fell 0.73%, reversing earlier gains. Mainland China’s Shanghai Composite fell 0.24 percent, and Shenzhen Component fell 0.077 percent. China’s consumer price index rose 1.8 percent in December from a year ago.
India’s December inflation data will also be released.