Japan’s core inflation rate rose to a 16-month high at 3% in December, year on year, boosting the case for a rate hike from the Bank of Japan.

South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.

Asia-Pacific markets trade mixed on Tuesday, as market participants took a cautious stance amid concerns about additional tariffs following Trump's announcement of a 25% tariff on Canada and Mexico and hints at stricter tariffs on China,

South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.