Asian markets mixed as focus turns to inflation data

HONG KONG (AFP): Asian equities were mixed Tuesday (Aug 9) as investors await US inflation data later in the week, after a jobs report suggested the Federal Reserve would likely need to continue its sharp interest rate hikes to tame runaway prices.

A rally across global markets from June lows appears to have hit the buffers after Friday's forecast-busting employment reading showed the world's top economy remained resilient but meant more monetary tightening was on the cards.