Asian markets open mixed amid US inflation concerns

Asian shares began Wednesday, November 11, on a divided footing as Japan advanced while South Korea and Australia slipped. The Nikkei 225 gained 0.1% and Topix rose 0.65%; South Korea’s Kospi fell 0.22% and Kosdaq lost 2.1%, while Australia’s S&P/ASX 200 edged down 0.12%, Mettis Global reported, citing CNBC.

The mixed session followed declines on Wall Street after US consumer prices increased 0.4% month-on-month in October, above expectations. Markets priced in roughly a 90% chance of a 25-basis-point Federal Reserve rate increase in December, while Fed Governor Christopher Waller’s comments also supported expectations of a hike. The Dow dropped by more than 150 points, the S&P 500 fell 0.4% and Nasdaq lost 0.7%; Nvidia shares slid 5.5% for a second session, taking its market value to about $4.07 trillion. Investors were also watching CoreWeave after quarterly revenue topped analyst estimates, while US bond trading was paused for Veterans Day.