Asia Markets Mixed Amid Fed Rate Cut Hopes and China Concerns

Asia-Pacific markets showed mixed performance following a U.S. inflation report that reinforced expectations of a Federal Reserve rate cut in December. The U.S. consumer price index met forecasts with a 2.6% annual inflation rate, prompting an 80.8% likelihood of a rate cut. Australia's unemployment rate remained steady, while Japan's markets saw slight gains. Hong Kong's Hang Seng index continued its decline amid a typhoon warning. Meanwhile, Japan's Kansai Electric Power shares dropped significantly due to fundraising plans, and Bitcoin surpassed $90,000. The dollar index reached its highest level since April.