Shares in the Asia-Pacific are mixed Wednesday after U.S. stocks rose overnight and New Zealand’s central bank delivered a 75 basis point hike, the biggest rate hike ever in the central bank’s history.
South Korea’s Kospi rose 0.68%, while the Kosdaq climbed 1.74%. Japanese markets are closed for a public holiday.
Singapore will release its inflation data, while Australia is expected to post its manufacturing data. Chinese smartphone maker Xiaomi is scheduled to report earnings later in the day.
Cleveland Fed President Loretta Mester also said recent inflation data is promising and that she’d support reduced interest rate hikes going forward.