BEIJING, CHINA – SEPTEMBER 4: Buildings and vehicles are visible in the central business district of Beijing, China, during rush hour on September 4, 2020.
Zhang Qiao|Visual China Group|Getty Images
Asia-Pacific markets opened mostly higher on Wednesday, breaking a decline in major Wall Street benchmarks ahead of key inflation data that could influence the Federal Reserve’s interest rate decision.
South Korea announced that its seasonally adjusted unemployment rate was 2.7% in November. Statistics Koreathe same as last month.
China is Reportedly started The annual economic work conference on Wednesday will outline economic policies and growth targets for next year.
Australian S&P/ASX 200 Index It opened down 0.31% that day.
Japan’s Nikkei 225 and Topix opened almost unchanged.
In South Korea, blue-chip Kospi rose 0.11% and small-cap Kosdaq gained more than 2%.
Hong Kong Hang Seng Index futures were at 20,435 points, higher than the Hang Seng Index’s last closing point of 20,311.28 points.
Overnight in America, Dow Jones Industrial Average It fell for the fourth consecutive day, falling 154.10 points, or 0.35%, to 44,247.83.
this S&P 500 Index fell 0.3% to close at 6,034.91 points. Nasdaq Index It fell 0.25% to 19,687.24. Both indexes fell for a second day in a row.
Investors are awaiting the U.S. consumer price index report for November released on Wednesday, which may influence interest rate trends at the Federal Reserve’s policy meeting on December 17-18.
The closely watched economic index is expected to rise slightly to The 12-month inflation rate was 2.7%According to Dow Jones estimates, the increase was 0.1 percentage points from the previous month and above the Federal Reserve’s 2% annual inflation target.
—CNBC’s Sean Sonlon and Brian Evans contributed to this report.
