Asian markets trade mixed ahead of U.S. inflation data

10 Feb 2022 , 10:03 AM

Asian stock markets were mixed as investors await the release of U.S. consumer inflation data.On the economy front, the U.S. consumer price index report is also set to be released today.

Hong Kong’s Hang Seng index, on the other hand, advanced 0.44%, the Nikkei 225 in Japan gained 0.14% while the Topix index slipped marginally, South Korea’s Kospi shed 0.17% and the S&P/ASX 200 climbed 0.21%. However, mainland Chinese stocks were lower in morning trade, with the Shanghai Composite dipping 0.19% while the Shenzhen Component slipped marginally by 0.13%.

Meanwhile, U.S. markets see the third day of a superb comeback as Dow Jones gained 305.28 points to 35,768.06. The Nasdaq Composite outperformed, surging 2.08% to 14,490.37 and the S&P 500 gained 1.45% to 4,587.18.

Bond yields close lower @ 1.92% while the US$ index eases further to 95.49 with oil prices falling for another day.