Mixed Asian Shares Ahead of US Inflation Report

Asian benchmarks mostly fell as investors braced for a US inflation report. Economists expect to see an acceleration to 3.3% in July from 3% in June, which could have significant implications for global markets. Inflation in China also remains a concern. Meanwhile, Japan's benchmark Nikkei 225 added 0.8%, Australia’s S&P/ASX 200 added 0.3%, and South Korea’s Kospi lost 0.3%. Hong Kong’s Hang Seng slipped 0.2%, while the Shanghai Composite rose 0.3%.