Home Markets Asian markets subdued ahead of U.S. inflation data

Asian markets subdued ahead of U.S. inflation data

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SINGAPORE — Asian stocks were mixed on Wednesday ahead of U.S. inflation data offering a glimpse at how the world’s largest economy is recovering.

The Nikkei 225
NIK,
+0.57%

in Tokyo rose 0.7% and the Shanghai Composite Index
SHCOMP,
+0.27%

added 0.3%. The Kospi
180721,
-0.37%

in South Korea gave up 0.4%.

Hong Kong’s Hang Seng
HSI,
+0.17%

was up 0.4% and Sydney’s S&P/ASX 200
XJO,
+0.38%

advanced 0.4% to 7,594.50. Stocks rose in New Zealand
NZ50GR,
-0.01%

rose but fell in Singapore
STI,
-0.56%

and Taiwan
Y9999,
-0.69%
.

Analysts are expecting the latest U.S. headline inflation rate, due Wednesday, to grow at a slower pace of 5.3% in July from a year earlier. This is slightly lower than June’s 5.4%.

“A…

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