Asia stocks were mixed Thursday after a U.S. inflation print intensified calls for interest-rate increases as soon as March. Shares fluctuated in Hong Kong where a gauge of Chinese technology stocks fell after its biggest jump in three months.
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Japan declined. Chinese developers retreated as some of the property sector’s more indebted firms face a wave of key payments this week. U.S. futures turned red after the S&P 500 and the Nasdaq 100 ended higher Wednesday.
The U.S. consumer price index climbed at the fastest pace since 1982, in line with forecasts.
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The U.S. inflation read came after Fed Chair Jerome Powell vowed to contain the worst price pressures in four decades without derailing the economic recovery from the pandemic.
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