Asian markets open mixed after Wall Street rally stalls Bank of Korea rate decision in focus

Asia-Pacific markets opened mixed on Thursday as Wall Street’s overnight rally stalled even as inflation data came in line with expectations.

The US personal consumption expenditures price index, or PCE, It grew by 2.3 percent on a year-on-year basis.faster than 2.1 percent in September. So-called core inflation, which excludes food and energy prices, rose 2.8 percent in the 12 months to October, up from 2.7 percent in the previous month.

Both matched the expectations of economists polled by Reuters, according to LSEG data.

Bank of Korea. It is expected to maintain the benchmark rate It was unchanged at 3.25 percent when its monetary policy committee meets later in the day, according to a Reuters poll of economists. The central bank will also announce the latest economic growth and inflation forecasts.

South Korea’s blue-chip Kospi index fell 0.16 percent, while the small-cap Kos Daq gained a modest 0.63 percent.

Japan’s Nikkei 225 fell 0.50% while the broader Topix was flat.

of Australia S&P/ASX 200 The day started at 0.54 percent.

Hong Kong’s Hang Seng index futures were at 19,618, higher than the HSI’s last close of 19,603.13.

Overnight in the US, declines in major technology names dragged markets lower in a thin trading session.

Chipmaking powerhouse Nvidia lost more than 1%, while Meta Platforms shed 0.8%. Deal And HP They fell more than 12% and 11%, respectively, after weak earnings forecasts.

gave S&P 500 It fell 0.38% to 5,998.74, snapping a seven-day winning streak. gave Nasdaq Composite ended at 19,060.48, down 0.6 percent. gave Dow Jones Industrial Average It lost 138.25 points, or 0.31%, to end at 44,722.06, reversing course by more than 140 points.

US markets will be closed on Thursday for the Thanksgiving holiday.

— CNBC’s Alex Herring and Sean Conlon contributed to this report.