Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes

This is CNBC’s live blog covering Asia-Pacific markets.

Asia-Pacific markets are expected to open mostly higher, tracking gains on Wall Street after the latest U.S. inflation data lifted the possibility that the Federal Reserve could cut interest rates next month.

Happy mid-week from Singapore. Asia markets are set for a mostly higher open.

Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart in Osaka last traded at 43,280, against the index’s last close of 42,718.17.

Futures for Hong Kong’s Hang Seng index stood at 25,144, pointing to a higher open compared with the HSI’s last close of 24,969.68.