Asia-Pacific markets traded higher after key Wall Street benchmarks hit record highs.

of Japan Nikki 225 It traded 2.22% higher, and the Topix gained 1.71%.

South Korea’s Kospi gained 1.71 percent while the Kosdaq gained 2.03 percent. of South Korea Inflation rose to 1.5 percent in November On a year-over-year basis, October’s inflation reading topped 1.3%, and below the 1.7% expected by economists in a Reuters poll.

Hong Kong’s Hang Seng Index rose 0.65 percent in the final hour of trading and mainland China’s CSI 300 gained 0.11 percent to close at 3,951.89.

of Australia S&P/ASX 200 It closed up 0.56 percent at 8,495.2.

Traders are preparing for a wave of economic reports and comments from Federal Reserve officials that will influence the future direction of interest rates.

Overnight in America, the S&P 500 It closed at 6,047.15, up 0.24%. gave Nasdaq Composite It gained 0.97% and ended at 19,403.95. Both indices touched fresh intraday highs and closed at record levels.

gave Dow Jones Industrial Average It lost 0.29%, or 128.65 points, to close at 44,782.00. The blue-chip index briefly touched the 45,000 level during the day, a key threshold it hit a few times last week.

Traders will monitor the US November payrolls report, Due Fridaywhich could provide insight into the strength of the labor market ahead of the Federal Reserve’s policy meeting on December 17-18.

-CNBC’s Alex Herring and Lisa Kailai Hahn contributed to this report.