Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, November 28, 2023.
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Markets in the Asia-Pacific region were mostly down on Tuesday, despite gains on Wall Street, where Nasdaq Composite reached a new record high for the strength of technology stocks.
The index was led by gains in Microsoft, Apple and chip maker NvidiaThe index rose 0.83% to close at 17,879.3.
Traders in Asia estimate Inflation in South Korea The figures came in at 2.4% for June, falling short of expectations from economists polled by Reuters who had predicted an inflation rate of 2.7%.
Japanese Nikkei 225 rose 0.64%, while the broad-based Topix rose 1.05%.
The Japanese Yen weakened to a new 38-year low against the dollar, hitting a low of 161.67.
South Korea's Cospi was down 0.68% and the small-cap Kosdaq was down 1.44% after inflation figures were released.
Hong-Kong Hang Seng Index rose 0.6%. Mainland China's CSI 300 fell 0.15%.
The Australian S&P/ASX 200 fell 0.15%. This comes as the Reserve Bank of Australia has released the minutes from the June monetary policy meeting, where board members discussed raising rates but ultimately decided to keep rates at 4.35%.
Members indicated that they were convinced that it was still possible to achieve the administration's strategy of returning inflation to its target level within a reasonable time frame, without losing full employment. However, they acknowledged that this 'narrow path' was becoming increasingly narrow.
In the US, the Dow Jones Industrial Average and the S&P 500 posted gains of 0.13% and 0.27% respectively.
—CNBC's Brian Evans and Samantha Subin contributed to this report.
