Asia-Pacific markets were mixed on Wednesday as investors assessed inflation data from around Asia.
In Japan, the Nikkei 225 index fell 258.08 points, or 0.7%, to 38,876.71.
Japan’s corporate goods inflation rate accelerated to 2.4% in May, beating expectations and marking its fastest rate of increase since August.
In Hong Kong, the Hang Seng index backpedaled 238.5 points, or 1.3%, to 17,937.84.
Traders in Asia will also look toward the U.S. Federal Reserve’s decision on Wednesday stateside, which will come hours after the country’s May inflation report.
The Taiwan Weighted Index gained 1.18% and hit an all-time high of 22,048.96, following upbeat investor sentiment on Apple announcing new AI features for its new operating system.
Heavyweights Taiwan Semiconductor Manufacturing Corp and Hon Hai Precision Industry — also known as Foxconn — jumped over 3% each.
CHINA
In Shanghai, the CSI 300 eked up 1.24 points to 3,544.12.
China’s May inflation rate came in at 0.3%, missing expectations of 0.4% by economists polled by Reuters. The figure was unchanged from April.
In other markets
In Korea, the Kospi index forged ahead 22.85 points, or 0.8%, to 2,728.17.
In Taiwan, the Taiex index recovered 256.84 points, or 1.2%, to 22,048.96.
In Singapore, the Straits Times Index inched down 1.77 points, or 0.1%, to 3,307.44.
In New Zealand, the NZX 50 retreated 43.6 points, or 0.4%, to 11,741.88.
In Australia, the ASX 200 lost 39.86 points, or 0.5%, 7,715.51.
