Nikkei rises more than 2% as Japan stocks lead gains in mixed Asia-Pacific markets

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Asia-Pacific markets were mixed, after a choppy session overnight in the U.S. as investors awaited key inflation data.

U.S. consumer price index for July, a key indicator of the health of the U.S. economy, will be released Wednesday.

Over in Asia, investors assessed Japan's producer price index data and Singapore's second-quarter GDP growth numbers.Japan's major indexes rose sharply on Tuesday as trading in the country's stocks resumed after a holiday, while the broader Asia-Pacific market was mixed.jumped over 3% before paring gains to 2.81%, breaching the 36,000 level for the first time since Aug. 2. The broader Topix gained 2.22%.

The country's parliament plans to hold a special session next week to discuss the Bank of Japan's decision toended June, the slowest pace since the same quarter a year earlier, compared with estimates of a 0.9% rise. Wages rose 4.1% on an annual basis.from a year ago, in line with the advance gross domestic product estimate released in July.

 

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