Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets fell on Tuesday, despite gains on Wall Street that saw the Nasdaq Composite reached a new record on the strength of tech stocks.
The index was led by gains in Microsoft, Apple and chipmaker Nvidia. It advanced 0.83% to end at 17,879.3.
Traders in Asia are assessing South Korea’s inflation numbers which came in at 2.4% for June, missing expectations by economists polled by Reuters who predicted a inflation rate of 2.7%.
Japan’s Nikkei 225 fell by 0.41% while the broad-based Topix stayed flat.
The Japanese yen weakened to a fresh 38-year low against the greenback, reaching as low as 161.67.
South Korea’s Kospi was 0.22% lower and the small-cap Kosdaq was 0.39% lower after the inflation data was released.
Australia’s S&P/ASX 200 fell 0.15% in early trade.
Hong Kong Hang Seng index futures were at 17,556, lower than the HSI’s last close of 17,718.61.
Overnight in the U.S., the Dow Jones Industrial Average and the S&P 500 recorded gains, rising 0.13% and 0.27% respectively.
—CNBC’s Brian Evans and Samantha Subin contributed to this report.
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