Published by
Benzinga
Benzinga
On Wednesday, most Asia-Pacific markets experienced a downturn influenced by the U.S. inflation data. The Nikkei 225, Kospi, and S&P/ASX 200 all saw losses, while the Hang Seng index in Hong Kong buckled the trend. What Happened: The U.S. Consumer Price Index (CPI) rose 3.1% on a 12-month basis and 0.3% for the month, exceeding expectations. This led to a decline in most Asia-Pacific markets, with the Nikkei 225 falling 0.69% to 37,703.32 and the Topix losing 1.05% to 2,584.59, reported CNBC. The Hang Seng index, however, saw a 0.96% increase as Hong Kong resumed trading after the Lunar New Ye…
