CNBC – UPDATED FRI, MAY 26 20233:46 AM EDT

This is CNBC’s live blog covering Asia-Pacific markets.

A pedestrian looks at an electronic quotation board showing numbers of the Nikkei 225 index in Tokyo on September 11, 2020.
A pedestrian looks at an electronic quotation board showing numbers of the Nikkei 225 index in Tokyo on September 11, 2020.
Kazuhiro Nogi | AFP | Getty Images

Asia-Pacific markets are mixed after Wall Street saw a tech rally led by Nvidia, and U.S. negotiators moved closer to a debt ceiling deal with just a week to go before the government faces a potential default.

In Japan, the Nikkei 225 rose 0.31% to end the day at 30,916 after surpassing the 31,000 mark earlier in the day. The Topix fell marginally and recorded its fourth straight days of losses.

Tokyo’s core-core inflation, which excludes fresh food and fuel costs, rose by 3.9%, its fastest pace since 1982. The consumer price index for Japan’s capital, which is seen as a gauge for the nationwide reading, rose at a slower pace of 3.2% in May from April’s figure of 3.5%.

South Korea’s Kospi rose 0.16% to end at 2,558.81, reversing losses from Thursday , while the Kosdaq was down 0.53% and finished at 843.23.

In Australia, the S&P/ASX 200 closed 0.23% at 7.154.8 after reversing earlier losses and snapping a four day losing streak.

Mainland Chinese markets were all higher, with the Shanghai Composite ending three straight days of losses to close 0.35% higher at 3,212.5, while the Shenzhen Component also halting an identical loss streak to end 0.12% up at 10.909.65.

Hong Kong’s Hang Seng index is closed for a holiday, after hitting its lowest level this year on Thursday.

Overnight in the U.S., the three major indexes ended mixed. While the tech-heavy Nasdaq Composite surged 1.71% and the S&P 500 gained 0.88%, the Dow Jones Industrial Average dipped slighlty and lost 0.11%.

— CNBC’s Sarah Min, Samantha Subin and Brian Evans contributed to this report

SOurce: https://www.cnbc.com/2023/05/26/asia-markets.html