Commercial and residential buildings are seen from the roof of Lotte World Tower at sunset, Tuesday, Nov. 28, 2023, in Seoul, South Korea.
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Asia-Pacific stocks fell on Tuesday despite gains on Wall Street Nasdaq Index Strength in technology stocks hit new records.
The index led the gains Microsoft, apple and chip manufacturers Nvidia. It rose 0.83% to close at 17,879.3.
Asian traders are taking stock Inflation in South Korea June’s reading was 2.4%, below expectations of economists polled by Reuters, who had forecast inflation of 2.7%.
Japan’s Nikkei 225 Index fell 0.41%, while the Topix was flat.
this yen The exchange rate fell to a 38-year low against the US dollar, hitting a low of 161.67.
Korean Cospi After the inflation data was released, the Kosdaq fell 0.22%, and the small-cap Kosdaq fell 0.39%.
Australia’s S&P/ASX 200 fell 0.15% in early trading.
Hongkong Hang Seng Index The futures index was at 17,556 points, lower than the Hang Seng Index’s last closing point of 17,718.61 points.
Overnight the U.S. Dow Jones Industrial Average and S&P 500 Index Increases were recorded, up 0.13% and 0.27% respectively.
—CNBC’s Brian Evans and Samantha Subin contributed to this report.
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