Asia-Pacific markets mixed as Australia's inflation climbs; chip stocks track Nvidia rebound

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Australia’s headline inflation rate for May is 4%, compared to the 3.6% recorded in April.

Semiconductor-related stocks such as Advantest jumped more than 6%, while Taiwan Semiconductor Manufacturing Company, SK Hynix and MediaTek increased 1.38%, 4% and 3.25% respectively.

Asia-Pacific markets were mostly mixed Wednesday as Australia's inflation rate climbed for a third straight month and semiconductor-related stocks jumped.rate for May came in at 4%, compared with the 3.6% recorded in April. The core inflation rate also came in at 4%, higher than the 3.8% expected by a Reuters poll of economists.

Singapore's May factory output will also be released Wednesday, with a Reuters poll of economists predicting a 2% year-on-year growth rate, as compared to a 1.6% decline recorded in April.The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clearFeeling out of the loop? We'll catch you up on the Chicago news you need to know.

 

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