Investing.com - Asia-Pacific shares opened in mixed fashion on Wednesday, following a mixed performance on Wall Street.
By 12:00 pm AEDT, the S&P/ASX 200 eased 0.2%, the KOSPI 200 dipped 0.4% while the Nikkei 225 added 1.3%.
In Australia, the weighted mean Consumer Price Index (CPI) was reported at 4.3%, slightly below the anticipated 4.4%.
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Tuesday's trading session in the US was mixed, with some pressure on large-cap stocks. Traders also moderated their expectations for early interest rate cuts, ahead of crucial US inflation reports due later this week. With approximately an hour left in the trading session on Wall Street, the Dow Jones Industrial Average was down by 185 points or 0.5%, dropping as much as 310 points earlier. The S&P 500 index dipped 0.2%, while the Nasdaq index remained nearly unchanged.
In the commodities market, Brent crude oil saw a rise of 1.53% to $US76.76 a barrel. Gold prices increased by 1.70% to $US2,035 per ounce, while iron ore experienced a moderate drop to $US140.87 a tonne.
In the bond market, Australian 2-year government bond yields fell to 3.86%, while the 10-year yield remained mostly flat at 4.115%. U.S. Treasury notes were mostly positive, with the yield on 2-year notes rising slightly to 4.368% and the 10-year yield remaining unchanged at 4.115%.
In Asia, Japanese shares ended the trading session nearly flat yesterday, with a minor increase in the Shanghai and Shenzhen markets, while Hong Kong shares declined.
Share markets slipped on Tuesday in Europe, as investors adopted a cautious stance, and government bond yields across Europe increased. However, gains in heavyweight healthcare stocks helped limit some of the losses. German industrial production unexpectedly fell by 0.7% in November, marking the sixth consecutive monthly decline. The pan-European FTSEurofirst 300 index lost 0.2%. In the UK, the FTSE 100 index dipped by 0.1%.