The Japanese yen and US dollar are on display in Yichang, Hubei Province, November 13, 2023.
Coast Photo | norphoto | Getty Images
Asia-Pacific markets were mixed on Wednesday as investors weighed economic data from China and Australia Japanese Yen It fell to 151.97 – its weakest level in 34 years against the dollar.
Japan Nikki 225 The index rebounded 0.9% to close at 40,762.73, while the broad-based Topix rose 0.66% to 2,799.28.
The data showed that China's combined industrial profits for January and February rose by 10.2% year on year. Industrial profits fell 2.3% for all of 2023.
China's CSI 300 index fell 0.23%, while Hong Kong's Hang Seng Index fell 0.97%.
Data from Australia showed that consumer price inflation in February rose by 3.4% year-on-year.
This is the first inflation reading after the country's central bank said it was too early to “rule out or reject further increases in interest rates.”
the Standard & Poor's/ASX 200 It closed 0.51% higher at 7,819.60, extending Tuesday's gains.
South Korea Cosby It fell 0.07% to 2,755.11 after leading gains in Asia and hitting a two-year high on Tuesday, while the small-cap Kosdaq index ended 0.53% lower at 911.25.
Overnight in the United States, the three major indices continued to decline, with Standard & Poor's 500 Recording the third consecutive day of losses and declining by 0.28%.
The Dow Jones Industrial Average fell marginally, while the tech-heavy Nasdaq Composite saw a larger loss of 0.42%.
However, the major averages are on pace for their fifth straight month of rise despite recent declines, with the S&P 500 up more than 2% in March.
— CNBC's Lisa Kailay Han and Hakyung Kim contributed to this report
