Asian stock markets retreated Wednesday as investors looked ahead to U.S. data they worry will show inflation is picking up.
Shanghai, Tokyo and Southeast Asian markets declined. Hong Kong advanced.
Overnight, Wall Street’s benchmark S&P 500 index lost 0.9% amid concern inflation might accelerate, hampering an economic recovery and dragging on share prices.
More U.S. inflation were due out Wednesday. Investor concern is increasing following a price rise for industrial materials including copper and crude oil.