South Korea CPI, Nasdaq hits new records


Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. 

Bloomberg | Bloomberg | Getty Images

Asia-Pacific markets fell on Tuesday, despite gains on Wall Street that saw the Nasdaq Composite reached a new record on the strength of tech stocks.

The index was led by gains in Microsoft, Apple and chipmaker Nvidia. It advanced 0.83% to end at 17,879.3.

Traders in Asia are assessing South Korea’s inflation numbers which came in at 2.4% for June, missing expectations by economists polled by Reuters who predicted a inflation rate of 2.7%.

Japan’s Nikkei 225 fell by 0.41% while the broad-based Topix stayed flat.

South Korea’s Kospi was 0.22% lower and the small-cap Kosdaq was 0.39% lower after the inflation data was released.

Australia’s S&P/ASX 200 fell 0.15% in early trade.

Hong Kong Hang Seng index futures were at 17,556, lower than the HSI’s last close of 17,718.61.

Overnight in the U.S., the Dow Jones Industrial Average and the S&P 500 recorded gains, rising 0.13% and 0.27% respectively.

—CNBC’s Brian Evans and Samantha Subin contributed to this report.



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