After South Korea's inflation rate reaches a 42-month low, Asia-Pacific markets generally experience an increase.
- South Korea's headline inflation for August decreased to 2% from 2.6%, marking its lowest year-on-year rate since March 2021.
- Futures indicate that Mainland China's CSI 300 may remain close to a seven-month low.
On Tuesday, Asia-Pacific markets generally rose, with investors evaluating South Korea's August inflation data, which decreased to its lowest year-on-year rate since March 2021.
The country's consumer price index increased by 2% annually, decreasing from July's 2.6% and meeting the predictions of economists in a Reuters poll.
The Consumer Price Index (CPI) increased by 0.4% on a month-to-month basis, slightly surpassing the 0.3% forecast from the Reuters poll.
In early trade, the Topix was 0.38% up, while Japan's stock market was 0.18% up.
The small cap Kosdaq inched up 0.02%, while South Korea's Kospi was 0.17% higher.
In contrast, Australia's S&P/ASX 200 was down 0.39%.
Real estate stocks pulled down the CSI 300 to a seven-month low on Monday, despite the futures for mainland China's CSI 300 being mostly flat at 3,265.4.
The HSI's last close was higher than Hong Kong futures, which were at 17,671.
On Monday, U.S. markets were closed for the Labor Day holiday, while futures linked to the three major indexes were down ahead of Tuesday's session. The Dow Jones Industrial Average slipped 57 points, or 0.14%, while S&P 500 and Nasdaq-100 futures fell 0.12% and 0.26%, respectively.
—CNBC's Lisa Kailai Han and Sarah Min contributed to this report.
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