Stocks in Asia make little headway after U.S. CPI data

SYDNEY, NSW, Australia - Stocks in Asia were mixed on Wednesday following the release in the U.S. June CPI showing inflation surging at 9.5 percent in the U.S.

Figures released on Thursday showed Australian unemployment having fallen to 3.5 percent, a near half-century low.

"The bottom line is U.S. inflation momentum is rising," Commonwealth Bank of Australia analyst Kristina Clifton was reported by Reuter