Asia-Pacific stocks mostly lower tracking weak lead on Wall Street amid hot CPI report

News Snapshot:

Japan (NKY:IND) -0.69%. The Japanese yen depreciated past 150 per dollar, hitting its lowest levels in three months as a surprisingly hot US inflation reading lowered the odds further for early interest rate cuts from the Federal Reserve this year. China (SHCOMP) markets closed. Markets in key trade partner China are closed this week for the Spring Festival. Hong Kong (HSI) +0.89%. Reverses losses from earlier in the session as the market returned from the Lunar New Year holidays. India (SENSEX) -0.34%. India’s wholesale prices rose by 0.27% year-on-year in January 2023, marking the third consecutive period of wholesale inflation...