"Inflation Jitters Shake Asian Markets as Wall Street Rallies"

Hong Kong's Hang Seng index plunged 1.5% after a hot U.S. inflation report, while Japan's workers are set for the sharpest wage spike in 30 years. China's house prices continued to slide despite support measures, and Hyundai and Kia are set to recall nearly 170,000 EVs in South Korea due to software problems. Additionally, China left its key medium-term lending rate unchanged for a seventh month, and Foxconn shares surged 8% after reporting stellar results and a record dividend.