Panoramic view of Seoul city skyline and Lotte Tower in Han River at sunset.
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Asia-Pacific markets opened mixed after Wall Street gains stalled overnight, although inflation data was in line with expectations.
The U.S. personal consumption expenditures price index (PCE) rose at an annual rate of 2.3%, up from 2.1% in September. So-called core inflation, which excludes food and energy prices, climbed 2.8% in the 12 months to October, up from 2.7% the previous month.
Both were in line with expectations of economists polled by Reuters, according to data from London Stock Exchange Group.
Bank of Korea is The benchmark interest rate is expected to remain unchanged According to a Reuters survey of economists, interest rates were kept unchanged at 3.25% when the Monetary Policy Committee met later in the day. The central bank will also announce its latest economic growth and inflation forecasts.
Australia’s S&P/ASX 200 index opened the day up 0.5%.
Japan’s Nikkei 225 Index futures opened softly, with the Chicago futures contract at 37,945 points and the Osaka Nikkei 225 Index futures contract at 37,930 points, compared with the previous closing price of 38,134.97 points.
Hong Kong Hang Seng Index futures were at 19,618 points, higher than the Hang Seng Index’s last closing point of 19,603.13 points.
Overnight in the United States, losses in large technology stocks sent the market lower in thin trading.
Chip manufacturing giant Nvidia fell more than 1%, while Meta Platforms fell 0.8%. Shares of Dell and HP fell more than 12% and 11% respectively due to weak profit forecasts.
The S&P 500 fell 0.38% to 5,998.74 points, ending a seven-day winning streak. The Nasdaq fell 0.6% to close at 19,060.48 points. The Dow Jones Industrial Average fell 138.25 points, or 0.31%, to close at 44,722.06 points, reversing a gain of more than 140 points.
U.S. markets will be closed Thursday for the Thanksgiving holiday.
—CNBC’s Alex Harring and Sean Conlon contributed to this report.
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