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Asia-Pacific markets traded higher on Thursday, and Wall Street read stronger than expected US inflation, breaking Wall Street's overnight decline as the outlook for policy easing by the US Federal Reserve fell Ta.
Australia's S&P/ASX 200 surpassed its previous peak at 8,566.9, which was reduced on January 31, and is recorded at a record high of 8,566.9, which was reduced to reduce the index.
Japan Nikkei 225 It rose 1.48% while Topix rose 1.34%. Korea's Kospi traded 0.96% higher, while the small Kosdaq rose 0.5%.
Hong Kong Hangsen index Mainland China's CSI 300 slipped 0.13%, up 1.52%.
The Indian benchmark Nifty 50 rose 0.47%, while the BSE Sensex index was 0.53% higher.
In the US, bond yields skyrocketed after the S&P 500 fell overnight, and consumer prices rose more than expected in January.
The broad market index closed at 6,051.97 from 0.27%, with the Dow Jones Industrial Average falling to 44,368.56 to 225.09 points (0.5%). Nasdaq Composite closed a gain of 0.03% at 19,649.95.
Latest inflation data suggests that the Fed is unlikely to resume its rate cut campaign any time soon, raising concerns that the next move could even be a hike.
In his testimony before a House Committee on Financial Services on Wednesday, Federal Reserve Chair Jerome Powell reminds us of the Fed's progress in the latest CPI data moves close to the 2% target. He said it would be useful as, but admitted that it was “not at all” and still there. ”
Indian Prime Minister Narendra Modi has traveled to the US for a meeting with President Donald Trump and his administration, and is expected to mitigate mutual tariff threats and artificial intelligence policies.
– CNBC's Pia Singh and Brian Evans contributed to this report.
