'A hotter-than-expected inflation report and persistent geopolitical tensions reminded investors that sticky prices and elevated energy costs are not going away anytime soon,' says a market analyst in Sydney

Asian markets looked set for a mixed open Wednesday as investors grappled with hotter-than-expected inflation, U.S.-Iran tensions and U.S.-China trade talks.

'A hotter-than-expected inflation report and persistent geopolitical tensions reminded investors that sticky prices and elevated energy costs are not going away anytime soon,'…