Panoramic view of Seoul city skyline and Lotte Tower in Han River at sunset.
Ed Jones | AFP | Getty Images
Asia-Pacific markets opened mixed on Thursday after gains on Wall Street stalled overnight, although inflation data was in line with expectations.
U.S. Personal Consumption Expenditures Price Index (PCE) Increased by 2.3% on an annual basisan acceleration from September’s 2.1%. 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.
South Korea’s blue-chip Kospi index edged down 0.16%, while the small-cap Kosdaq index rose 0.63%.
Japan’s Nikkei 225 fell 0.50%, while the Topix was flat.
Australian S&P/ASX 200 Index It opened up 0.54% on the day.
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%. Dell and HP The company’s shares fell more than 12% and 11% respectively due to weak profit forecasts.
this S&P 500 Index It fell 0.38% to 5,998.74, ending a seven-day winning streak. this Nasdaq Index It fell 0.6% to close at 19,060.48. this Dow Jones Industrial Average It fell 138.25 points, or 0.31%, to close at 44,722.06, reversing and rising by 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.
