Colorful old shophouses on the crossroads of Chinatown.
Historical Photos | Universal Image Group | Getty Images
Asia-Pacific markets opened mixed on Tuesday, with U.S. stocks volatile overnight as investors braced for important inflation data.
The S&P 500 ended the day flat at 5,344.39 points, while the technology-heavy Nasdaq rose 0.21% to close at 16,780.61 points. NVIDIA Soared 4%. On the other hand, the Dow Jones Industrial Average fell 140 points or 0.36% to close at 39,357.01 points.
Traders awaited Wednesday's release of July's consumer price index, a key indicator of the health of the U.S. economy. Investors will analyze the data for signs that the Federal Reserve may begin cutting interest rates in September.
In Asia, investors will focus on Tuesday's release of Japan's corporate commodity price index. Economists polled by Reuters expected growth of 3% in July, compared with 2.9% in June. CGPI measures price changes in commodities traded within business units.
Traders will also assess Singapore's second-quarter gross domestic product data. Economists polled by Reuters expected an annual increase of 2.7%, down from 2.9% in the first quarter.
Australia's S&P/ASX 200 futures are expected to open flat at 7,759 points, just below the index's last close of 7,813.7 points.
Japanese Nikkei 225 Index Futures showed a stronger market opening, with the Chicago futures contract at 35,625 points and the Osaka futures contract at 35,300 points, compared with the previous closing price of 35,025 points.
Hong Kong Hang Seng Index futures were at 17,144 points, slightly higher than the Hang Seng Index's last closing point of 17,111.65 points.
—CNBC’s Brian Evans and Tanaya Macheel contributed to this report.