Asia-Pacific Markets React to U.S. Economic Data

Asia-Pacific markets are experiencing a mixed opening amid fluctuating U.S. stock performances and anticipation of key inflation data. The U.S. producer price index increased by only 0.1% in July, falling short of expectations, while investors are awaiting the consumer price index due to be released, which may influence the Federal Reserve's interest rate decisions. In Japan, manufacturer sentiment has slightly decreased, reflecting concerns over weak demand from China, following a recent interest rate hike by the Bank of Japan. Meanwhile, South Korea's unemployment rate has dropped to a record low of 2.5%. In India, expectations are set for a significant decline in CPI inflation for July to 3.65% from 5.08%, alongside a slight decrease in industrial output. The Adani Group continues to face scrutiny amid fresh allegations impacting its stock performance, which fell before recovering slightly.