Investors on edge as US inflation data looms, causing Asian markets to fall.
Asia-Pacific markets fell as investors await U.S. inflation figures. Economists expect inflation to have increased 0.4% month-over-month in April, and 5% year-over-year. Nintendo's revenue fell 5.5% YoY due to a fall in sales for its flagship Nintendo Switch console. Mitsubishi Corp posted a record net profit of 1.18 trillion yen ($8.72 billion) for its financial year ended March. South Korea's seasonally adjusted unemployment rate came down to 2.6% in April, lower than the 2.8% recorded in April 2022.