Asian markets open mixed amid US inflation concerns

November 11, 2026 (MLN): Asian markets opened Wednesday on a mixed note, with gains in Japanese equities offset by losses across South Korea and Australia, as investors assessed concerns over rising U.S. inflation and the possibility of further Federal Reserve monetary tightening.

Japan’s Nikkei 225 edged up 0.1%, while the broader Topix advanced 0.65%. In South Korea, the Kospi declined 0.22%, while the small-cap Kosdaq dropped 2.1%. Meanwhile, Australia’s S&P/ASX 200 slipped 0.12%, according to CNBC.

The mixed performance followed overnight losses on Wall Street, where stronger-than-expected U.S. inflation figures reinforced expectations of another Federal Reserve interest rate increase in December.

The Dow Jones Industrial Average shed more than 150 points, while the S&P 500 and Nasdaq Composite declined 0.4% and 0.7%, respectively.

Technology stocks remained under pressure, led by Nvidia, whose shares tumbled 5.5% for a second consecutive session. The decline brought the chipmaker’s market capitalization down to approximately $4.07 trillion, its lowest level since late March.

Investor sentiment was further dampened by U.S. inflation data showing consumer prices rose 0.4% month-on-month in October, exceeding market expectations.

Following the release, market-implied expectations of a 25-basis-point Federal Reserve rate hike in December climbed to approximately 90%, according to CME Group’s FedWatch tool.

Comments from Federal Reserve Governor Christopher Waller also contributed to expectations of a December rate increase.

Meanwhile, investors are monitoring developments in the artificial intelligence sector following CoreWeave’s third-quarter results, which showed revenue above analyst expectations.

The U.S. bond market will remain closed on Wednesday in observance of Veterans Day.

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