Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve.
Australia's S&P/ASX 200 rose 0.26%.
Japan's Nikkei 225 rose 1.1% while the Topix climbed 0.91%. South Korea's Kospi traded 0.71% higher, while the small-cap Kosdaq traded around the flatline.
Hong Kong's Hang Seng Index climbed 0.58% while mainland China's CSI 300 traded flat.
Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices rose more than expected in January.
The broad market index slipped 0.27% to end at 6,051.97, and the Dow Jones Industrial Average tumbled 225.09 points, or 0.5%, to 44,368.56. The Nasdaq Composite eked out a 0.03% gain to close at 19,649.95.
The latest inflation data suggests that the Fed may be less likely to resume its rate-cutting campaign soon, as well as raises concerns that the next move could even be a hike.
Source : CNBC
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