Asian stocks higher as investors await US inflation data

Asian stock markets are mostly higher as investors wait for an update on U.S. inflation that has been stronger than expected

BEIJING -- Asian stock markets were mostly higher Tuesday as investors waited for an update on U.S. inflation that has been stronger than expected. Shanghai, Tokyo and Sydney advanced, while Hong Kong retreated. Wall Street's benchmark S&P 500 index closed higher, snapping a five-day losing streak. Investors were watching for August inflation data. Headline inflation stands above 5% as consumer and business activity revives.