Asian equities experienced a mixed trading session as they reacted to the previous day's performance on Wall Street, which had been buoyed by softer-than-expected U.S. Consumer Price Index (CPI) data. The CPI report contributed to increased market expectations for Federal Reserve rate cuts, with money market pricing returning to levels seen before the recent non-farm payroll figures. The ASX 200 index fell by 0.1%, the Nikkei 225 decreased by 0.3%, and the KOSPI also dropped by 0.1%. Despite the lackluster performance in Asia, there was some optimism following encouraging Chinese GDP and activity data, which provided mild support to the Hang Seng and Shanghai Composite indices. Analysts noted that the Asian markets began cautiously, reflecting the mixed sentiment from Wall Street and the anticipation of upcoming economic data from China.