Sydney Opera House Sydney, New South Wales, Australia.
Gallo pictures | Brand Images Getty Images
Most Asia-Pacific markets rose on Wednesday, deviating from Wall Street ranks as the market rally in the United States continued to slow.
Investors in Asia will evaluate February inflation numbers from Australia – the first reading on inflation after the country's central bank said it was “not yet possible to judge whether to accept or reject further interest rate increases.”
“Inflation was moderate but still high,” the bank said.
China will also release industrial earnings data on Wednesday.
the Standard & Poor's/ASX 200 It started the day up 0.11%, extending Tuesday's gains.
Japan Nikki 225 The index rebounded to rise by 0.24%, while the broad-based Topix rose by 0.4%.
South Korea Cosby It fell 0.1% after leading gains in Asia and hitting a two-year high on Tuesday, while small-cap Kosdaq neared a flat line.
Hong Kong Hang Seng futures were at 16,569, indicating a weaker open compared to the HSI's close of 16,618.32.
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
