Stocks in Asia-Pacific were mixed as investors looked forward to Thursday’s US consumer price index report. Economists expect inflation to drop in December, which could signal the Fed’s earlier rate hikes are having their intended effects.
Australia’s S&P/ASX 200 Index rose 1.2 percent after the country’s November trade stability 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%, staggering its earlier interests. Mainland China’s Shanghai Composite fell 0.24 percent and Shenzhen Component fell 0.077 percent. China’s consumer price index increased by 1.8 percent in December compared to a year ago.
India’s December inflation information will also be released.