Commercial and residential structures seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023.
Bloomberg | Bloomberg | Getty Spitting images
Asia-Pacific markets mostly fell on Tuesday, breaking ranks with Wall Street that saw the Nasdaq Composite reach a new compact disc on the back of tech stocks.
The index, led by gains in Microsoft, Apple and chipmaker Nvidia, advanced 0.83% to end at 17,879.3.
Traders in Asia assessed South Korea’s inflation appraise which came in at 2.4% for June, missing expectations of economists polled by Reuters who had predicted it at 2.7%.
Japan’s Nikkei 225 engender 0.38%, while the broad-based Topix was up 0.78%.
The Japanese yen weakened to as much as 161.67 against the dollar, staying at 38-year lows.
Mitsubishi Thick Industries climbed 4.87% to a fresh all-time high, on pace to continue a six-day winning streak.
South Korea’s Kospi was 0.84% farther down and the small-cap Kosdaq was 1.77% lower after the inflation data was released.
Hong Kong’s Hang Seng indicator was up 0.37%. Mainland China’s CSI 300 was marginally lower.
Australia’s S&P/ASX 200 fell 0.6%. This comes as the Keep to Bank of Australia released the minutes from its June monetary policy meeting, in which board members argued raising interest rates but eventually decided to hold them steady at 4.35%.
Members said it was still possible to acquire the inflation target within a reasonable time frame without moving from full employment, while accepting this “narrow path” was becoming narrower.
Overnight in the U.S., the Dow Jones Industrial Average and the S&P 500 recorded gains, rising 0.13% and 0.27% mutatis mutandis.
—CNBC’s Brian Evans and Samantha Subin contributed to this report.